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UK's Russian Oil Price Cap License to Expire Feb. 18

The U.K. will allow a general license involving the price cap on Russian oil to expire later this month, according to the Office of Financial Sanctions Implementation. The license, set to expire Feb. 18, authorizes the supply or delivery by…

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ship of Russian crude oil and oil products below the $60 per barrel price cap. The U.K. didn't provide more information.