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Japan Cuts Price Cap on Russian Oil to $47.60 in Additional Sanction
Millennium Post Delhi
|New Delhi 13September2025
Japan has decided to lower its price cap on Russian crude oil to $47.60 per barrel from $60 previously, effective on Friday, to punish Moscow for its continued war in Ukraine, a government spokesperson said.
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TOKYO:
The move followed the EU’s action in July to lower its price cap on Russian crude to $47.60 as part of its 18th sanctions package against Moscow.
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