Bloomberg Business

Putin Responds to Oil-Price Cap With Sales Ban for Participants

(Bloomberg) — The Kremlin banned exports of Russian crude oil and refined products to foreign buyers that adhere to a price cap, but Moscow held back from the most drastic retaliatory measures that could have further disrupted global oil supplies. 

Germany Is Confident a Key Refinery Will Be Fine Without Russian Oil

Germany’s government is confident that a key refinery that provides Berlin and swaths of the eastern part of the country with fuel is well positioned to keep running even as the nation is set to begin its ban on Russian oil in the coming days.

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