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In retaliation against the price cap of $60 per barrel agreed by the European Union, G7 and Australia against Russian crude, the world’s largest country on Tuesday issued a decree to ban oil sales to countries and companies that adhere to the price cap, media reports said.
«The supply of Russian oil and oil products to foreign legal entities and individuals is prohibited if the contracts for these supplies directly or indirectly are using a price cap,» reports quoting the presidential decree said.
