US goal for Russian oil price cap revealed – Bloomberg ...News

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US goal for Russian oil price cap revealed – Bloomberg
source : Russia Today ( News ) () 18
The White House is reportedly having “multiple meetings a week” to achieve what some experts say won’t work The US is actively working on a proposal to cap the price of Russian oil at anywhere between $40 and $60 per barrel, Bloomberg reported on Wednesday, citing unnamed sources familiar with the matter. President Joe Biden first floated the idea at last month’s G7 summit. Oil analysts are skeptical about its workability, while Russia has signaled any such attempt would actually drive prices sky-high. Biden administration officials are “having multiple meetings a week” on the subject of the price cap, “trying to

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