US strives to cap Russian Oil prices

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The US and EU sanctions against Russia have failed to have the desired effect so the US is now trying to limit the profitability of Russian oil sales by putting a price cap on it.

As the crisis in Ukraine lingers on, the United States and its allies appear to have run out of measures to halt Russia. Collectively they have imposed every imaginable form of sanctions on Moscow; the Russian energy, banking and financial sectors, have all been targeted by the west.






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