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Bloomberg: EU to present new sanction package against Russia in coming weeks

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Discussions on ways to cap the price of oil are ongoing and unlikely to happen in the near future, Bloomberg reported, citing unnamed sources familiar with the matter. Earlier, Bloomberg reported that the new sanction package could include restrictions on the import of gold, fixes to previously introduced sanctions, and further sanctions on individuals and legal entities.

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"The U.K. will continue to step up our action against Russia and its shadow fleet activity to protect our national security, our economy, and global stability," said John Healey, the British economy minister.

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