G7 Finalizing Plans For A Price Cap On Russian Oil

G7 countries will decide on developing mechanisms to set a global price cap for Russian oil in shipments to countries outside of the U.S., EU, the UK, and the broader G7. "The goal here is to starve Russia - starve Putin of his main source of cash and force down the price of Russian oil to help blunt the impact of Putin's war at the pump", a Senior Biden Administration official said in a backgrou