Russia could face 2 new price caps for refined petroleum products as another EU embargo looms, report says
Group of Seven nations are in talks to impose two separate price caps on Russian refined petroleum products, according to a TuesdayThe upcoming price caps would coincide with the European Union's plan to ban imports of refined Russian products, such as diesel, naphtha and fuel oil, on February 5.
The move will follow the EU's December 5 ban on seaborne Russian crude imports and the $60-a-barrel price cap that bars European companies from financing and insuring exports priced above that mark.
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