Top Western finance officials are expected to lay out their plan for setting a cap on the price of Russian oil this week as they push to put together a workable policy before a December deadline.

Finance ministers from the Group of Seven wealthy democracies are set to meet virtually on Friday, when they are expected to release an endorsement of the price-cap plan and commit to finalizing its implementation, according to people familiar with the matter.

This post first appeared on wsj.com

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