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Russia denounces oil price cap agreed by EU, G7; Zelensky says 'price cap on Moscow not serious'

Group of seven countries along with Australia and the European Union have agreed on a $60 per barrel price cap on Russian crude oil. With this they aim to deny Russia of war resources and now both Russia and Ukraine have reacted to the agreement, Russia completely denounced the oil cap while Ukrainian President Volodymyr Zelensky expressed his disappointment over the decision.