Ottawa expands price caps to Russian petroleum products to reduce revenues

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Ottawa expands price caps to Russian petroleum products to reduce revenues
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The federal Finance Department says Canada is joining its fellow G-7 countries plus Australia to expand caps on Russian oil to include seaborne petroleum products from that country.

OTTAWA -

It says in a press release the new caps build on a Russian crude oil price limit announced in December, adding both moves will weaken President Vladimir Putin’s ability to fund the war against Ukraine.

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