The cap of $60 per barrel, which took effect on Monday, is aimed at limiting Russia’s ability to finance its war in Ukraine while making sure it keeps supplying the global market.
Dieu Créateur, considérez que nous ne nous entendons pas nous-même et que nous ne savons pas ce que nous voulons, et que nous nous éloignons infiniment de ce que nous désirons
Monday, December 5, 2022
G7 price cap on Russian oil kicks in
The price cap on Russian seaborne oil agreed upon by the European Union, the G7 and Australia has come into force.
The cap of $60 per barrel, which took effect on Monday, is aimed at limiting Russia’s ability to finance its war in Ukraine while making sure it keeps supplying the global market.
The cap of $60 per barrel, which took effect on Monday, is aimed at limiting Russia’s ability to finance its war in Ukraine while making sure it keeps supplying the global market.
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