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Russia warns West of retaliation over G7 oil price cap
Reuters
Last Updated IST
Representative Image. Credit: AP/PTI Photo
Representative Image. Credit: AP/PTI Photo

The Kremlin warned the West on Monday that it would take "retaliatory measures" over a G7 proposal to impose a cap on the price of Russian oil.

Group of Seven finance ministers agreed the cap on Friday in response to Russia's actions in Ukraine, but Moscow has vowed to halt sales to countries imposing it.

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(Published 05 September 2022, 15:36 IST)