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Home Saudi Arabia (KSA)

G7 countries set to back price cap on Russian oil

admin by admin
September 2, 2022
in Saudi Arabia (KSA)
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The G7 countries are poised to back a price cap on purchases of Russian oil in an attempt to limit the Kremlin’s earnings from exports and ability to fund its war against Ukraine.

Finance ministers from the US, UK, France, Germany, Italy, Canada and Japan will formally give their political support for such a move at a virtual meeting on Friday afternoon, according to five officials…



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