Published 1 year ago

G7 agrees to review level of price cap on Russian oil in March, says US

Summary by Ground News

U.S. and European allies agree to move toward instituting price caps on Russian oil products. Oil and gas revenues account for 40% of Russia's federal budget. The country's biggest challenge in 2023 will be the combination of falling energy prices and Russian crude's widening discount.

0 Articles

All

Left

Center

Right

NDTV

G7 Agrees To Review Level Of Price Cap On Russian Oil In March: US

Group of Seven officials have agreed to review the level of the price cap on exports of Russian oil in March, U.S. Treasury Deputy Secretary Wally Adeyemo said on Friday. The G7 economies, the EU and Australia agreed in December to cap sea-borne exports of Russian oil at $60 a barrel as part of Western sanctions for Moscow's invasion of Ukraine. The officials also agreed to two distinct caps on Russian oil products.(Except for the headline, this…

1 year ago·New Delhi, India

Read Full Article

TASS [🇷🇺-affiliated]

US, allies agree to review price cap on Russian oil products in March

The Deputies agreed to undertake a review of the level of the crude price cap in March, the Department’s statement reads

1 year ago·Moscow, Russian Federation

Read Full Article

The Straits Times

US, allies agree to review Russian crude price cap in March

They also agreed to move towards instituting price caps on Russian refined fuel products. Read more at straitstimes.com.

1 year ago·Singapore

Read Full Article

RIA Novosti [🇷🇺-affiliated]

The US will audit the price ceiling for oil from Russia

The US, together with its allies, will assess the compliance of the price ceiling for Russian oil with current market conditions in March, the US Ministry said... RIA Novosti, 21.01.2023

1 year ago·Russian Federation

Read Full Article