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Official: Germany to stop buying Russian coal on Aug, 1, Russian oil on Dec. 31.

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The statement was made by German Deputy Finance Minister Jörg Kukis at a conference in Sydney, Reuters reported.

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Seaborne crude flows averaged 3.12 million barrels a day over the four weeks to July 6, a 3% decline from the previous period ending June 29, according to tanker-tracking data compiled by Bloomberg. That's the lowest level recorded since the four-week period ending Feb. 23.

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