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EU agrees Russian oil product price caps - EU presidency
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CFP File Photo
CFP File Photo

CFP File Photo

EU countries have agreed on a European Commission proposal to set price caps on Russian oil products, the Swedish presidency of the European Union said on Friday.

EU diplomats said the price caps agreed by ambassadors for the 27 EU countries are $100 per barrel on premium oil products such as diesel and a $45 cap per barrel on discounted products such as fuel oil. The proposal is that they apply from February 5.

Source(s): Reuters

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