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The United States on Thursday returned an oil painting by Pablo Picasso that was reported stolen from a major Paris museum 14 years ago.

"The Hairdresser," which Picasso created in Paris in 1911 during his cubism period, was seized by US customs agents in New Jersey.

Valued at $15 million, it was authenticated in January by experts from the Centre Georges Pompidou museum, its previous home.

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