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Washington has published guidance on the price cap, but its level remains unknown US companies will be allowed to buy seaborne Russian oil if they adhere to the price ceiling agreed by allied countries, the US Treasury’s Office of Foreign Assets Control (OFAC) said in preliminary guidance published on Friday.

The move is a response to the withdrawal from travel agreements by the EU and some individual countries, sources have told the business outlet Russia will significantly increase visa fees for citizens of EU nations and several other European countries, business outlet RBK has reported. According to government sources, a commission has already approved the changes…