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US, EU, G7 and Australia announce new price cap on Russian petroleum products

The US and allies are trying to further limit Russia's ability to make money and finance its war efforts with new price limits on products like gasoline and fuel oil, a senior Treasury official announced Friday -- adding to sanctions on Russian energy sales in response to the country's invasion of Ukraine.

source https://www.cnn.com/2023/02/03/politics/price-caps-russian-petroleum-products/index.html