The Group of Seven is considering collectively tightening an oil price cap on Russian petroleum in an effort to cut Moscow’s oil revenues as the war in Ukraine rages on, Bloomberg has revealed. A ...

The United States opposed a joint G7 effort to lower the $60-per-barrel price cap on Russian oil exports during last week's meeting of finance ministers, the Financial Times reported on May 27, citing ...

The Nordic and Baltic states have asked the European Commission to tighten the price cap on Russian oil as a matter of high priority, arguing that "sanctions must be strengthened continuously" to ...

BRUSSELS, May 19 (Reuters) - The EU will propose to G7 finance ministers this week to lower the current $60 per barrel price cap on Russian seaborne oil as part of the new sanctions package against ...

The Group of Seven is considering collectively tightening or adapting an oil price cap on Russian petroleum in an effort to reduce Moscow’s revenues as the war in Ukraine continues. A draft statement ...