Oil tankers are seen at the Sheskharis complex in Novorossiysk, Russia

Video. Ukraine war: EU, G7 back $60-per-barrel price cap on Russian oil

The $60 (€56.9) price cap on Russian oil per barrel, also adopted by G7 countries and Australia, is seen as a key step as Western sanctions aim to starve President Vladimir Putin of funding for his war in Ukraine.

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