US urges G7 to tighten enforcement of Russian oil sanctions – media ...News

Washington is seeking to reduce the Kremlin’s crude export revenues The US Treasury Department has called on the G7 to tighten control over the Russian oil trade amid Moscow’s growing shipments, Axios reported on Wednesday, citing a memo. The G7 and EU countries imposed a price limit on Russian seaborne oil sales last year. The measure bans Western companies from providing insurance and other services to shipments of Russian crude unless the cargo is purchased at or below the $60-per-barrel price cap. Similar restrictions were introduced in February for exports of Russian petroleum products. The measures were inte

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