The “big seven” countries study ways to strengthen the price ceiling to break Moscow’s ability to finance the war against Ukraine.
Great Britain urged its allies to the Great Seven (G7) to reduce the maximum price for Russian oil. This step is required for further pressure on Vladimir Putin to end Russia’s war against Ukraine. Bloomberg reported it.
“Russian military pressure pressure is now necessary than ever … Putin could not respond to Zelensky’s proposals about a direct meeting and attempt to intervene in stopping his illegal and brutal war,” the UK ministry of finance after the leader of the Rauchel Reeves Treasury led by a G7 Finances meeting in Banffs, Canada, Canada.
The G7 countries, including the UK itself, as well as the USA, Germany, France, Italy, Canada and Japan, have the methods of studying the threshold price strengthening to destroy Moscow’s ability to finance the war in Ukraine.
According to current price threshold conditions set to 60 dollars, western operators can be ensured and carry oil from Russia only if it is purchased below the price threshold.
At the meeting, the G7 Reeves announced that “the desire to quickly reduce the maximum price for Russian raw oil to $ 60 at this right time.”
Russia responds to the price of the USA and EU threshold in most Russian oil imports using the shadow of the armada of tanks that often cooperate with unknown insurers or with -owned raw oils in new markets, especially Asia. The fleet of this shadow has contributed to Russian bypass restrictions.
It is still unknown if the G7 will be consistent with a reduction in the maximum level of oil prices at a Banfa meeting.
French financial department head Eric Lombard told reporters that this proposal was one of the issues on the agenda, but refused further comments, as the package was still discussed.
Initially, price restrictions were developed to limit the amount of money Russia earned in the sale of oil, and at the same time to prevent a sharp increase in oil prices in the world.
Oil prices fall against the background of forecasts about the excess world in 2025, so Ukraine’s allies are open to more aggressive action.
As we have written, the European Union will offer financial ministers of G7 countries to reduce the current maximum Russian oil costs.
Tanks hide Russian oil supply routes
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.