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Sanctions Tankers and Gas Political Risk and Trade

Price cap is working insists US Treasury as G7 meeting kicks off

Russia’s oil revenues were down over 40% between January and March this year compared with a year earlier, according to the US Treasury

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As the G7 leaders gather in Japan to discuss new sanctions and a tightening of existing measures against Russia, the US Treasury has published a new report justifying the effectiveness of the price cap in choking Russia’s oil revenues

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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