IMF does not expect significant impact of price cap on Russian oil exports ...Syria

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IMF does not expect significant impact of price cap on Russian oil exports
WASHINGTON, SANA- The International Monetary Fund (IMF) expects a price cap imposed by Western countries on the volume of Russian oil exports to have little impact, according to the IMF’s World Economic Outlook update. “At the current oil price cap level of the Group of Seven, Russian crude oil export volumes are not expected to be significantly affected, with Russian trade continuing to be redirected from sanctioning to non-sanctioning countries,” the document said. The G7 countries, the EU and Australia have capped the price of Russian seaborne oil at $60 per barrel for their subordinate vessels and territories as of December 5. In addition, from February 5, 2023, a price cap on petroleum

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