Agreement in principle at G7 Finance to cap the price of Russian oil | Photo credit: Shutterstock
BERLIN, Sept 2 (Reuters) – G7 finance ministers confirmed on Friday their intention to put in place a cap on the price of crude oil and petroleum products of Russian origin.
The initial cap will be determined based on various technical factors and will be reviewed if necessary, they said in a statement.
“We want to align its implementation with the schedule of related measures under the European Union’s sixth sanctions package,” they add.
(Report Christian Kraemer, French version Marc Angrand)