Ukraine Says Russia Oil Cap Is Too Weak

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KYIV, Ukraine—Ukraine denounced a price cap on Russian oil agreed to by the U.S. and its allies as a weak measure that would fail to deprive Russia’s military machine of funds, as Moscow said it could stop supplying consumers in response.

The Group of Seven agreed Friday to cap the price of Russian oil at $60 a barrel, moving forward with an unprecedented sanction against one of the world’s largest producers following its invasion of Ukraine.

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