G7 agrees to explore cap on Russian oil price ...Qatar

The Group of Seven economic powers have agreed to explore imposing a ban on transporting Russian oil that has been sold above a certain price, they said yesterday, aiming to deplete Moscow’s war chest. The war in Ukraine and its dramatic economic fallout, in particular soaring food and energy inflation, dominated this year’s summit of the group of rich democracies at a castle resort in the Bavarian Alps. An oil price cap would ratchet up existing Western pressure on Russia from sanctions, which German Chancellor Olaf Scholz insisted would stay until Russian President Vladimir Putin accepted failure in Ukraine. “There is only one way out: for Putin to accept that his plans in Ukraine will no

Hence then, the article about g7 agrees to explore cap on russian oil price was published today ( Tuesday 28/06/2022 - 09:36 PM ) and is available on Gulf Times ( Qatar ) 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 agrees to explore cap on Russian oil price )

Also on site :

• Diesel was mistakenly distributed instead of regular unleaded at many Colorado gas pumps
• Man police shot in Brooklyn hospital was former NYPD officer, police said
• Coach of softball teams in San Bernardino, Orange counties accused of molesting player