G7 Price Cap
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Russia moves to cut oil production over western price capsRussian exporter Gazprom has cut off most supplies of natural gas to Europe, citing technical issues and refusal by some customers to pay in Russian currency.WorldFeb 10, 2023
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Russian oil price cap ‘too lenient,’ as Moscow still able to fund war effort: reportOil markets, however, are now less focused on a potential loss of Russian oil than on weak demand from a slowing global economy, and prices have fallen.WorldJan 11, 2023
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G7 price cap on Russian oil will only apply to seaborne crude, official saysCoalition officials told Reuters on Thursday that the price level be a fixed per-barrel dollar price that would be regularly reviewed, rather than a discount from market prices.WorldNov 4, 2022
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G7 will put a price cap on Russian oil. Here’s what it’ll look likeOfficials in G7 countries say the unprecedented measure will cut the price Russia receives for oil without reducing its petroleum exports to world consumers.WorldSep 12, 2022
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