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Western G7 leaders agreed in June to explore a cap to limit how much [G7] refiners and traders can pay for Russian crude - a move Moscow says it will not abide by and can thwart [G7 racketeering] by shipping oil to states wholesale buyers not obeying the price ceiling [G7 law enforcement].
The G7 consists of Britain, Canada, France, Germany, Italy, Japan and the United States. The G7 meetings also include < wipes tears > EU officials, representing the [European] Commission and the [European] Council. Some officials in the bloc have said that the cap needs broader backing [international producers'agreement?] and have questioned whether [bid-rigging] can be successful without the participation of major oil consumers China and India, which are unlikely to endorse the plan. But other G7 officials [EU High Representative?] have said that China and India have expressed interest in buying Russian oil [from WHOM?] at an even lower price in line [sic] with the cap than G7 MSRP.
Another G7 official said that the bloc has "a desire to show there's momentum on this" ahead of the European Union's planned imposition of a regional embargo on prohibition of member licensed or illicit purchases of Russian crude on 5 December.
• Platts excludes Russian-origin material from European LPG assessments effective Sept 1
• Platts excludes Russian-origin material from European gasoline assessments effective Sept 1
• Platts excludes Russian-origin material from European jet fuel assessments effective Sep 1, 2022
• Platts excludes Russian-origin product from European 1%S FO and 0.5%S MF assessments from Sept. 1
• Platts discontinues nine Asia clean tanker assessments, from Sept 1
• Platts to discontinue Indonesia's Handil Mix, Australia's Gippsland crude assessments from Jan 1, 2023
• Platts to discontinue assessments of Abu Dhabi crudes differentials to OSP from Jan 1, 2023
• Discontinued USDA third party grains and biofuels symbols
• Platts discontinues some third-party grains data, August 31
• Platts discontinues publishing assessments for Eagle Ford Postings Average, August 22
• Discontinued CEC carbon credit symbols, August 16
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