The price cap for Russian oil, which the G7 countries intend to accept, will operate in accordance with the terms of the EU embargo.
The G7 countries intend to introduce the maximum price limit for oil from Russia from December 5, and for oil products from the Russian Federation – from February 5, 2023. The Financial Times reported this.
G7 finance ministers plan to support the introduction of restrictions on Russian oil prices on Friday, September 2.
It was noted that the price limit for Russian oil, which the G7 countries intend to accept, will operate in accordance with the terms of the EU embargo.
Remember that in the Russian Federation they threatened not to supply oil to some countries and said that the idea to limit the price of Russian oil is completely absurd.
The G7 introduced a cap on oil prices in Russia. What does this mean
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.