Published 1 year ago

G7 Russian oil price cap evolves from revenue squeeze to market anchor

Summary by Ground News

The $60-per-barrel price limit on seaborne crude imposed by G7 democracies and Australia on Monday bears that out, lining up with current market prices. Russia earned about $15 billion in June and July 2021, before Russian troop buildups near Ukraine. Russia said on Monday the cap would not hurt the financing of its special military operation in Ukraine.

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Oil & Gas 360

G7 Russian oil price cap evolves from revenue squeeze to market anchor

Nasdaq WASHINGTON – When U.S. officials first floated the idea of capping Russian oil export prices in response to a planned European embargo in March, they pledged to squeeze revenues to Russia’s war machine, while avoiding a devastating oil price … The post G7 Russian oil price cap evolves from revenue squeeze to market anchor appeared first on Oil & Gas 360.

1 year ago·Denver, United States

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G7 Russian oil price cap evolves from revenue squeeze to market anchor

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G7 Russian oil price cap evolves from revenue squeeze to market anchor

G7 Russian oil price cap evolves from revenue squeeze to market anchor

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