Published 2 years ago

Biden Resists Call to Broaden Russia Oil-Price Cap

Summary by Ground News

A US Treasury official has ruled out secondary sanctions to enforce a price cap mechanism on Russian oil exports. Democratic and Republican senators last week proposed that US President Joe Biden's administration use secondary sanctions on international banks. The Group of Seven (G7) nations expect companies in the supply chain from brokers to banks, insurers and shipping firms to monitor Russian oil trades.

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Reuters

APPEC U.S. official rules out secondary sanctions for Russian oil price cap

A U.S. Treasury official has ruled out secondary sanctions to enforce a price cap mechanism on Russian oil exports despite a proposal last week by U.S. senators.

2 years ago·United Kingdom

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Channel News Asia

US official rules out secondary sanctions for Russian oil price cap

SINGAPORE: A US Treasury official has ruled out secondary sanctions to enforce a price cap mechanism on Russian oil exports despite a proposal last week by US senators. Democratic and Republican senators last week proposed that US President Joe Biden's administration use secondary sanctions on internationa

2 years ago·Singapore

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OAN

U.S. official rules out secondary sanctions for Russian oil price cap – One America News Network

By Muyu XuSINGAPORE (Reuters) – A U.S. Treasury official has ruled out secondary sanctions to enforce a price cap mechanism on Russian oil exports despite a proposal last week by U.S. senators.Democratic and Republican senators last week proposed that U.S. President Joe Biden’s administration use secondary sanctions on international banks to strengthen the price cap aimed at capping Russia’s oil revenues while minimising the impact on global…

2 years ago·San Diego, United States

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Political Wire

Biden Resists Call to Broaden Russia Oil-Price Cap

“The Biden administration is trying to stave off a bipartisan push on Capitol Hill to sharpen the enforcement of a proposed cap on the price of Russian oil, aiming to avoid an escalation that officials worry could upset the effort’s delicate diplomatic balancing act,” the Wall Street Journal r

2 years ago·New York, United States

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Oil & Gas 360

The U.S. will not use secondary sanctions to enforce a Russian oil price cap

Oil PriceSecondary sanctions will not be imposed on financial institutions or insurers providing transportation services for Russian oil, a U.S. Treasury Department official said on Monday. The G7 and its Western allies have been studying for weeks the …The post The U.S. will not use secondary sanctions to enforce a Russian oil price cap appeared first on Oil & Gas 360.

2 years ago·Denver, United States

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