Saturday, November 26, 2022

Reuters: G7 coalition has agreed to set fixed price cap on Russian oil

by The Kyiv Independent news deskNovember 4, 2022 1:25 am
Share

The sources who spoke on conditions of anonymity told Reuters that the G7 and Australia have agreed to set a fixed price when they finalize a price cap on Russian oil later this month. The price cap, set to begin on Dec. 5 on crude and Feb. 5 on oil products, aims to limit funding to Russia without cutting supply to consumers. Russia has said it won't ship oil to countries that set price caps.

The Kyiv Independent news desk
The Kyiv Independent news desk

We are here to make sure our readers get quick, essential updates about the events in Ukraine.

One hell of a year
Last November, the Kyiv Independent was founded by 30 journalists who were fired for defending their editorial independence. One year later, we are the voice of Ukraine bringing you the unfiltered truth about Russia’s brutal war. Stand with the Kyiv Independent.
photo-0
photo-1
photo-2
visamasterCardpaypal