G7 wants to cap Russian oil price – US Treasury ...News

The nations are discussing setting up a cartel to force Moscow to sell crude below the market price The Group of Seven (G7) countries, represented by their respective finance ministers and central bank governors, on Thursday discussed the creation of a cartel of buyers in order to control the price of Russian oil. This was announced by US Treasury Secretary Janet Yellen in comments to reporters between G7 meetings. “You need a significant cartel in order to accomplish that, maybe the EU alone wouldn’t be sufficient... The idea of using sanctions, secondary sanctions has come up. The idea of tariffs instead of pric

Hence then, the article about g7 wants to cap russian oil price us treasury was published today ( Friday 20/05/2022 - 02:00 PM ) and is available on Russia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( G7 wants to cap Russian oil price – US Treasury )

Also on site :

• Nick Cannon Calls the Democratic Party the ‘Party of the KKK’ and Says ‘I F— With Trump’
• What to know about Trump’s order to pay TSA workers and its effect on airport wait times
• Jamie Dornan Reveals Passion for Collecting Rocks That Look Like Potatoes in ‘SNL U.K.’ Monologue: ‘This Isn’t a Joke. God Knows, I Wish It Was’