G7 reportedly plans to target shipping services that move Russian crude The Group of Seven ‘G7’ leading Western economies is considering a complete ban on services related to the shipping of Russian oil and petroleum products sold at market prices, media in that country reported on Tuesday. The G7, which incorporates the United States, Canada, Japan, Germany, France, Italy and Britain, is looking at a range of approaches. These include “options for a comprehensive ban on all services related to the shipping of Russian crude oil and petroleum products by sea around the world, unless the oil is purchased at or below
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