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MITTENWALD, Germany — Leaders from the Group of Seven wealthiest democracies said they would urgently explore price caps on Russian oil and gas to hurt Moscow’s ability to finance its war in Ukraine, but they stopped short of imposing new sanctions during a summit in Germany.

Russia’s ongoing assault on Ukraine dominated discussions at Schloss Elmau, a castle hotel nestled against the dramatic backdrop of southern Germany’s Bavarian Alps. Intense discussions were held there among the United States, Britain, Canada, France, Germany, Italy and Japan over how to curb Moscow’s ability to finance the war through selling fossil fuels.