G7 wants two price caps for Russian oil products

G7 wants two price caps for Russian oil products

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A G7 official said the Group of Seven (G7) alliance will seek to set two price caps on Russian refined products in February, one for products trading at a premium to crude and the other for those trading at a discount .

The coalition – which includes Australia, Canada, Japan and the United States, as well as the 27-nation European Union – has introduced a $60 per barrel price cap on Russian crude imports from December 5 on top of the EU cap on Russian crude imports. Of. sea.

Starting February 5, the coalition will also impose price caps on Russian products, such as diesel, kerosene and fuel oil, to further reduce Moscow’s revenue from energy exports and its ability to finance its invasion of Ukraine. Can go

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