G7 Countries Agree on Price Cap for Russian Oil, Russia Threatens Not to Comply

EcoWatch
By Cristen Hemingway JaynesDec 8, 2022, 2:31 pm109 pts
The price of Russian seaborne oil has been capped at $60 a barrel after the Group of Seven countries — which includes non-enumerated member the European Union — and Australia reached a consensus on the price Monday. The goal of the price cap is to reduce the revenue stream funding Russia’s war on Ukraine,…

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