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Ukraine Latest: US Seeks to Calm Oil Market Angst Over Price Cap

Bloomberg business news
Biden Open to Talks With Putin If He’s Serious About Ending War
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Biden administration officials are trying to reassure oil market participants that the newly agreed $60 price cap on Russian crude won’t trigger supply disruptions and price volatility after it kicks in Monday. The Group of Seven is set to impose the cap, which is well above where Russian oil now trades.

Vladimir Putin’s government said he remains open to negotiations over the war after President Joe Biden raised the prospect of talks if the Russian leader is committed to end it. Still, the Kremlin said Putin had no plans to end Moscow’s military campaign in Ukraine, and a White House spokesman said conditions weren’t right for direct talks under those circumstances.