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Oil Markets

Russia Gambles on Oil Exports Rerouting

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ss2130556298-Russia Sanctions

Both Europe and Russia are raising their stakes ahead of a crucial ban on Russian crude oil exports on Dec. 5. Moscow reiterated that it will not sell to countries that officially sign up to the G7 price cap intended as a waiver to EU sanctions on shipping insurance and finance.

Topics:
Crude Oil, Oil Trade, Ukraine Crisis, Oil Products
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