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Price cap range for Russian diesel agreed – Bloomberg ...News
The EU and G7 continue to discuss the exact level, seeking to avoid major disruptions across the global market The Group of Seven has accepted the EU's proposal to set a price ceiling for Russian diesel exports between $100 and $110 a barrel, Bloomberg reported on Friday citing a G-7 official. The European Commission has reportedly proposed a cap level of $100 per barrel, while G7 nations want the limit to be set slightly higher, citing concerns that a lower ceiling could send prices for the fuel soaring and provoke disruptions in the EU. Negotiations on the issue are ongoing with both the EU and G7 anticipating a
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