US Treasury explains how G7 wants to target Russian oil ...News

The group of rich nations aims to limit the Kremlin’s revenue from energy exports, doing so in three steps The G7 countries’ upcoming anti-Russia sanctions will target oil and petrochemicals in three phases, senior US Treasury official Ben Harris told the Argus European Crude Conference in Geneva on Tuesday. According to Harris, as cited by Reuters, the sanctions will tackle Russian crude oil, and later ones will focus on diesel, and finally lower value products such as naphtha. He explained that the G7 sanctions should be seen by the industry as way to continue trading, and that the aim is to ensure Russian oil c

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