G7 to reconsider price cap on Russian oil ...News

A $60-per-barrel price ceiling has been imposed on Russia's seaborne oil exports for three months The Group of Seven is planning to reconsider the price ceiling for seaborne exports of Russian crude oil, possibly within the next few weeks, according to Elizabeth Rosenberg, Assistant Secretary for Terrorist Financing and Financial Crimes at the US Department of the Treasury. The price cap of $60 per barrel that has been applied to shipments of Russian crude came into effect on December 5, and was supported by the EU and Australia. “All I can say is that the G7 is planning to re-evaluate the ceiling in March,” Rosen

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