 The Group of Seven countries, Australia and the European Union placed a 60 per barrel limit on sea-borne Russian crude oil sales late in 2022.The alliance will extend sanctions on Russia for its war in Ukraine by putting a price cap on its oil products, such as gasoline and diesel, on February 5. A US Treasury official has updated on the impact so far. did not put a figure on estimated Russian revenue lossessays that the cap has increased shipping costs on... 