Importers that buy crude at a discount may be affected by additional sanctions The G7 intends to impose two price caps on Russian petroleum products in February that will target refined products trading at a premium to oil and those which are being sold at a discount, Reuters reported on Tuesday, citing an unnamed G7 official. Additional restrictions would come on top of the previously agreed upon price ceiling on oil products, such as diesel, kerosene and fuel oil, which is due to come into force on February 5. Late last year, the EU, G7 countries, and Australia introduced a price cap on Russian seaborne oil expo
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