G-7 joins EU on $60-per-barrel price cap on Russian oil

by gulftimes


Sat, 2022-12-03 02:17

WASHINGTON: The Group of Seven nations and Australia joined the European Union on Friday in adopting a $60-per-barrel price cap on Russian oil, a key step as Western sanctions aim to reorder the global oil market to prevent price spikes and starve President Vladimir Putin of funding for his war in Ukraine.

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