Monday, 24 February, 2025
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G-7 and EU agree to cap the price of Russian oil at $60 per barrel

G-7 and EU agree to cap the price of Russian oil at $60 per barrel

The Group of Seven nations and Australia joined the European Union on Friday in adopting a $60-per-barrel price cap on Russian oil, a key step as Western sanctions aim to reorder the global oil market to prevent price spikes and starve President Vladimir Putin of funding for his war in Ukraine, reports UNB. Europe needed to set the discounted price that other nations will pay by Monday, when...

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