Consistent with EU, the G7 group on Friday formally agreed to cap value of Russian oil at $60 a barrel.
Washington:
The G7 group of rich democracies and Australia on Friday formally agreed to cap the value of Russian oil at $60 a barrel in keeping with the EU, as they search to disclaim the Kremlin sources for its Ukraine struggle.
In a joint assertion, the nations mentioned the value cap per barrel of seaborne Russian-origin crude would come into drive on December 5 or “very quickly thereafter.”
They mentioned the G7 was delivering on its vow “to stop Russia from benefiting from its struggle of aggression towards Ukraine, to help stability in international power markets and to minimise damaging financial spillovers of Russia’s struggle of aggression.”
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