G7 agrees to review level of price cap on Russian oil in March, says US
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G7 officials to review price cap on Russian oil
G7 officials have announced they will review the level of the price cap on Russian oil in March. A final decision has been postponed as the group wants more time to assess the market. The G7 plans to set two caps – one for diesel and gas oil, and another for fuel oil. The Group of Seven, the European Union and Australia had agreed to cap seaborne exports of Russian oil at $60 a barrel in December.
·Australia
Read Full ArticleUS-led price cap coalition agrees to review level of Russian crude price cap in March
Officials from the US and allied nations agreed to undertake a review of the level of the Russian crude price cap in March and to move toward instituting price caps on Russian refined fuel products. The agreement came in discussions
·Kyiv, Ukraine
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Total News Sources18
Leaning Left2Leaning Right10Center1Last UpdatedBias Distribution77% Right
Bias Distribution
- 77% of the sources lean Right
77% Right
15%
R 77%
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