Insurers demand clarity on Russian oil price cap – Reuters ...News

Economy by : (Russia Today) -
With three weeks to go, they point to the unpublished details of the measure, the outlet reports Tankers risk being marooned at sea if the G7 leadership fails to clarify details of the upcoming price cap mechanism on Russian oil with insurers, senior industry executives told Reuters this week. With just three weeks to go before the measure comes into force, the shipping industry has no clarity on how it will operate. The Group of Seven leading economies – the US, Canada, France, Germany, Italy, the UK and Japan – agreed in September to enforce a price ceiling on Russian oil in a bid to curb Moscow’s revenue from e

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