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EU Agrees to Expand Sanctions on Russian Oil Industry
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The European Union agreed to cap the sales price of premium Russian petroleum products such as diesel at $100 a barrel and limit low-value ones such as fuel oil to $45 a barrel, clearing the way for Western allies to expand sanctions on Russia’s oil industry, according to people familiar with the deal.
Following the unanimous agreement between the 27 EU member states, the rest of the Group of Seven advanced democracies, along with Australia, are expected to affirm the deal.
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