European Union officials set Russian oil price cap at $60 a barrel

G7 Sets $60 Per Barrel Price Cap On Russian Oil: Here's The Kremlin's Response - Chevron (NYSE:CVX), Exxon Mobil (NYSE:XOM)

The Group of Seven (G7) nations have agreed to put a price cap of $60-per-barrel on Russian crude oil. On Friday, the European Union decided on the same price. As per the new consensus, the cap will ban companies from shipping, insuring, or financing Russian oil unless the oil is sold below $60 a barrel.  On Saturday, Reuters reported that a Kremlin spokesman said Russia "will not accept" the price cap set by the G7. He added that Russia would f…

G7 batteries EU on $60-per-barrel price cap on Russian oil

WASHINGTON (AP) — The Group of Seven Nations and Australia Joined the European Union on Friday in November a $60-per-barrel price cap on Russian oil, a key step as a Western tradition aim to Reorder the Global Oil Market to Prevent Price Spikes and Starve President Vladimir Putin of Funding for His War in Ukraine.

G7 Coalition Agrees $60 Per Barrel Price Cap for Russian Oil

The Group of Seven (G7) nations and Australia on Friday said they had agreed a $60 per barrel price cap on Russian seaborne crude oil after European Union members overcame resistance from Poland and hammered out a political agreement earlier in the d

After the EU, another G7: the price of Russian oil capped at $60 per barrel

The G7 officially decided on Friday night to put a cap on the price of Russian oil at $60 (56.94 euros) per 159-litre barrel. That followed a price agreed by EU member states on Friday. In a joint statement, the countries said the price cap on Russian oil would come into effect on Monday or “very soon after.” The price cap “will destroy” the Russian economy, the Ukrainian presidency is convinced, which otherwise wants the border to be set at $30…

G7 joins EU on price cap on Russian oil

Ukraine calls for price per barrel to be lowered further to hit Russia’s economy harder

Ukraine, latest news. G7 and Australia join the EU on Russian oil price cap

Putin remains “open to talks”, but for Russia it is impossible for Russia to accept the condition set by the US for negotiations on Ukraine, namely that Moscow's troops first leave Ukrainian territory. Biden had opened up the possibility of speaking with Putin, as long as he shows 'signs of wanting to stop the war'. On December 13, international conference in Paris to collect aid for Kiev. Putin defines the line of Western countries, “including …