Monday, September 26

Kremlin warns West of retaliation over G7 oil price cap

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The Kremlin warned the West on Monday that it would take “retaliatory measures” over a G7 proposal to impose a cap on the price of Russian oil.

Group of Seven finance ministers agreed the cap on Friday in response to Russia’s actions in Ukraine, but Moscow has vowed to halt sales to countries imposing it. (Reporting by Reuters; editing by Guy Faulconbridge)

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