G7 moves closer to backing price cap on Russian oil ...Middle East

The Hill - News
G7 moves closer to backing price cap on Russian oil
The Group of Seven (G7) countries are moving closer to endorsing a price cap on Russian oil — an untested plan that would seek to limit the Kremlin’s profits from selling the commodity worldwide.  The idea has been floated in recent weeks as the United States and its allies search for ways to further squeeze the Russian economy to punish Russian President Vladimir Putin for the war in Ukraine. Energy exports are the leading source of revenue for the Russian economy.  The price cap has been a source of discussion during the G7 summit in Germany over the past two days, where President Biden is huddling with counterparts from Germany, France, Italy, the United Kingdom, Japan and Canada

Hence then, the article about g7 moves closer to backing price cap on russian oil was published today ( ) and is available on The Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( G7 moves closer to backing price cap on Russian oil )

Apple Storegoogle play

Last updated :

Also on site :