Russia Ignores the West and Sells Oil at About 30 Percent Above...

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2022-12-06 13:46:11 -

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Russia Ignores the West and Sells Oil at About 30 Percent Above Newly Imposed Price Cap

Russia's ESPO oil blend from the port of Kozmino was selling for around $79 a barrel on Monday, nearly 32 percent higher than the $60 price cap enforced by a coalition of western nations—a retaliatory measure to curb Moscow’s ability to finance the war in Ukraine.

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