Aim is to cut revenues for Moscow’s war in Ukraine but keep crude flowing to avoid price rises
G7 finance ministers are expected to firm up plans on Friday to impose a price cap on Russian oil aimed at slashing revenues for Moscow’s war in Ukraine but keeping crude flowing to avoid price rises, officials said.
The ministers from the club of wealthy industrial democracies are due to meet virtually and are likely to issue a communique that lays out their implementation plans.
