G7 seeks to impose price cap on Russian oil

According to the media outlet, finance ministers of the club will thrash out restrictions during a virtual meeting on Friday The finance ministers of the Group of Seven nations are likely to reach an agreement on Friday on capping the price they’re willing to pay for Russian oil, Reuters news agency has reported, citing anonymous sources. The officials are expected to reveal the general outline of a plan following an online meeting. In its article published on Friday, Reuters quoted an unnamed European G7 official as saying that “a deal is likely.” The same source, however, noted that it was not clear how much det

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