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G7 Finance Ministers Press Forward With Plan for Price Cap on Russian Oil - New Delhi Times

The finance ministers of the Group of Seven leading industrial nations agreed Friday to move forward with an unprecedented plan to cap the price of oil that Russia sells on global markets in order to limit the funds that Moscow uses to pay for the war in Ukraine. The price cap proposal comes as the… ....

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G7 Finance Ministers Press Forward With Plan for Price Cap on Russian Oil

Experts doubt viability of proposal, which is meant to deprive Moscow of funding for its war in Ukraine ....

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Yellen Pushes Plan to Cap Price of Russian Oil on Global Markets

Experts are dubious about complicated proposal, which is meant to deprive Russia of funds for its war in Ukraine ....

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Yellen Pushes Plan to Cap Price of Russian Oil on Global Markets - New Delhi Times - India Only International Newspaper

The United States is pressing to implement a plan meant to force Russia to sell oil at artificially low prices on the global market, in order to deprive the Kremlin of funding for its war in Ukraine. Speaking at a news conference in Bali, Indonesia, before the start of a meeting of the finance ministers… ....

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In Ukraine, gas shortages further complicate daily life

Russian attacks on several fuel depots and Ukraine s only fully functioning refinery, in Kremenchuk, have aggravated chronic inefficiencies and vulnerabilities in the country s petroleum industry that existed before President Vladimir Putin launched the war. ....

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