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Russian firms provided insurance cover for 60% of #Moscow's oil cargoes to #India in July, up from 40% in December last year, according to Reuters calculations based on the vessels' documents.
By using Russian insurers, Moscow can sell the oil above a $60 per barrel price cap that the Group of Seven (#G7), the #EU and #Australia imposed aiming to limit #Russia's oil revenue following its invasion of #Ukraine.
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