The U.S. on Tuesday released detailed guidelines on how to legally participate in trading or financing Russian oil, days away from announcing an official price cap, according to a senior Treasury official who previewed the guidelines.
The U.S. has joined forces with the G-7, European Union, and Australia to ban imports on Russian oil, part of sanctions the U.S. and other nations have rolled out since Russia’s invasion of Ukraine. The countries have also agreed to fashion a price cap on…
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