Russian Oil Price Cap Wins G7 Support, But Level Still To Be Determined

Eurasia Review

04 Sep 2022 0 shares 1 views

Russian Oil Price Cap Wins G7 Support, But Level Still To Be Determined

Russian Oil Price Cap Wins G7 Support, But Level Still To Be Determined

Eurasia Review

Published 04 Sep 2022

By Alexandra Brzozowski

(EurActiv) — G7 finance ministers on Friday (2 September) agreed to impose a price cap on Russian oil to slash Moscow’s revenues while keeping crude flowing and avoiding price spikes, but specifics were not defined.

Energy prices jumped following Russia’s decision to launch a full-scale...

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