Russia, Oil Price Cap and European Union
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The European Union's foreign policy chief said EU sanctions are enough to hurt Russian oil exports without U.S. help.
Most G7 countries are ready to lower the limit on the price of Russian oil even without the support of the United States. This was reported by Reuters. Four sources familiar with the matter said most G7 countries are ready to lower the G7 price cap on Russian oil on their own, even if U.S. President Donald Trump decides against it.