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BBCNEWS World Business Report July 7, 2024

to finalise a price cap on russian crude. more strike action across the uk with over 100,000 royal mail workers voting over current pay conditions, as the cost of living crisis continues to bite. back with a bang india s tourism sector is thriving as demand beats pre pandemic levels. however, the heavy footfall is taking its toll on the country s beauty spots. and aiming for clearer waters the un holds an international conferance on maritime protection, warning the world is facing an ocean emergency . let s start with the conflict in ukraine, because leaders from the g7 nations are finalising plans to cap the price of russian oil as part of new sanctions aimed at moscow s finances. oil is the most lucrative export for the kremlin. the news sent the price of oil higher as investors worry about tightening supply. has more from new york. as russia s war in ukraine waiters en, western countries are looking at ways to further pressure must go. the new proposal to cut prices ....

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BBCNEWS World Business Report June 4, 2024 04:32:00

Oil is the most lucrative export for the kremlin. the news sent the price of oil higher as investors worry about tightening supply. has more from new york. as russia s war in ukraine waiters en, western countries are looking at ways to further pressure must go. the new proposal to cut prices would require countries to simply refuse to pay above a certain amount of the russian oil and pipeline gas. some oil analysts suggest this may be difficult to achieve given china and india have become russia pop smoke biggest customers but a cap on gas could have some effect on the short term as russia doesn t have an alternative market other than europe for its pipeline gas. unless it was prepared to take a huge hit to its finances by shutting down the pipeline altogether. all of these discussions are happening as ....

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