The European Union, Group of Seven(G7) Nations and Australia have agreed to put a price cap of $60 per barrel on Russian seaborne crude oil as part of an international campaign to curb Russia’s ability to finance its war against Ukraine through energy sales. Let us see what impact would this price cap have on the market.
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The $60 (€56.9) price cap on Russian oil per barrel, also adopted by G7 countries and Australia, is seen as a key step as Western sanctions aim to starve President Vladimir Putin of funding for his war in Ukraine.
Credit: euronews (in English) Duration: 00:30Published
From Russian troops shifting their focus on taking control over the rest of the Donbas, to President Zelenskyy believing Belarus will not be dragged into the conflict, these are the stories about the..
Credit: euronews (in English) Duration: 05:07Published