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What We’ve Learned Three Days Into the Russian Oil Price Cap

Bloomberg business news
EU's $60 Price Cap on Russian Oil Won't Matter: Babin

On Monday, Group of Seven nations imposed a cap on the price of Russian oil. The measure’s debut has been glitchy.

The unprecedented move by one set of countries to try to impose a price at which another can sell a commodity has drawn confusion among traders, and — from Moscow — a threat of retaliation.