News

Most countries in the Group of Seven nations are prepared to go it alone and lower the G7 price cap on Russian oil even if U.S. President Donald Trump decides to opt out, four sources familiar with ...
About a month ago, the group of Seven (G7) coalition imposed a price cap on Russian oil with the objective of reducing Russia’s oil revenue which goes to fund its war machine.
According to the agency, the draft statement of the G7 countries notes that G7 finance ministers may jointly review the established price cap on Russian oil, which is currently set at $60 per barrel.
Treasury Secretary Janet Yellen said Friday that the G7's new plan to cap the price of Russian oil will serve as a "powerful tool" to fight inflation. Fox Business. Personal Finance.
G7 Backs Price-Cap Plan for Russian Oil to Limit Revenue 6 minute read Oil pumping jacks, also known as "nodding donkeys" in a Rosneft Oil Co. oilfield near Sokolovka village, in the Udmurt ...
G7 Tightens Enforcement of Oil Price Cap Amid Widespread Russian Evasion. The Treasury Department announced new sanctions on oil shippers and traders that have been helping Russia circumvent price ...
The G7 finance ministers said the cap would be imposed by prohibiting insurance or shipping companies from helping Russia sell oil at prices above the set limit. "The price cap is specifically ...
The recent oil price rally has driven Russian oil above the G7 price cap, with its flagship Urals blend averaging $72 in August. There were some talks in June or July to do a review, ...
The West’s biggest economies on Friday agreed to impose a price cap on Russian oil in an attempt to reduce Moscow’s ability to fund its war in Ukraine without further stoking global inflation.
About a month ago, the group of Seven (G7) coalition imposed a price cap on Russian oil with the objective of reducing Russia’s oil revenue which goes to fund its war machine. G7--which consists ...