G7 leaders have agreed to study possible price caps on Russian oil and gas to try to limit Moscow’s ability to fund its invasion of Ukraine, G7 officials said on Tuesday. The officials, who include U.S. Treasury Secretary Janet Yellen, say the measure will limit the price that Russia receives for energy while allowing Western .
Explained: How Price Cap On Russian Oil Proposed By G7 Nations Is Likely To Be Operationalised And Potential Impact On India swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.
The US wants Russian oil to stabilize soaring prices, but it also doesn't want Russia to be handsomely paid for its oil. Enter the London group that insures 95% of all oil shipments.
Curtailing Russia’s energy revenue has been a tough nut to crack for Western governments so far. After President Vladimir Putin launched a large-scal