The United States, along with its allies, are discussing setting a maximum price for Russian oil. The price should stay at around $40-60 per barrel, Bloomberg reports..

" The United States and allies are discussing setting a ceiling price for Russian oil at $40-60..

The specific price threshold beyond which oil will not be bought depends on market conditions when an upper price limit is agreed. Recently, Russian oil has been trading near $80 per barrel..

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Earlier, Russia blocked the only route through which Kazakhstan supplies oil to Europe..