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Reuters: EU governments 'tentatively' agree on $60 a barrel price cap on Russian seaborne oil.

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The decision envisages an adjustment mechanism to keep the cap at 5% below the market price, according to diplomats and a document seen by Reuters.

To be implemented, the agreement needs to get the final approval of all EU governments.

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The Kyiv Independent news desk

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"It is evident that the Russian side will cynically use this political and legal episode to justify the occupation of Crimea and the exploitation of Ukraine’s temporarily occupied territory by Russian citizens," Foreign Ministry Spokesperson Heorhii Tykhyi told media.

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