A price cap set by the Group of Seven (G7) as well as an outright ban by the European Union on Russian seaborne oil came into effect on Monday as the two blocs try to reduce the Kremlin’s ability to continue financing the war in Ukraine.
On Friday, the G7, EU and Australia agreed to set a limit on the price of Russian oil at $60 per barrel. Back in May, the EU announced a ban on Russian seaborne crude oil. The 27-member bloc also said a ban on imports of refined petroleum products will be enforced from February 5.
walkingmancomics 4 months ago
Let’s hope this works out.
Odon Premium Member 4 months ago
Russian roulette?
martens 4 months ago
A price cap set by the Group of Seven (G7) as well as an outright ban by the European Union on Russian seaborne oil came into effect on Monday as the two blocs try to reduce the Kremlin’s ability to continue financing the war in Ukraine.
On Friday, the G7, EU and Australia agreed to set a limit on the price of Russian oil at $60 per barrel. Back in May, the EU announced a ban on Russian seaborne crude oil. The 27-member bloc also said a ban on imports of refined petroleum products will be enforced from February 5.
https://www.aljazeera.com/news/2022/12/5/eu-ban-on-russian-oil-imports-and-g7-price-cap-comes-into-effect
The female figure is Ursula Gertrud von der Leyen, a German politician who has been serving as the president of the European Commission since 2019.
walterlaich Premium Member 4 months ago
thank you—I was totally lost