G7, Australia agree on fixed price for Russian oil. #Reuters
![]() 1200 Friday, 04 November, 2022, 14:00 The Group of Seven (G7) and Australia have agreed to set up a fixed price for Russian oil rather than introduce a floating rate that is also being discussed, Reuters reported on Thursday citing own sources. The countries expect to make a decision on a price cap for Russian oil in late November. According to the source, the G7 and Australia "agreed the price cap will be a fixed price that will be reviewed regularly rather than a discount to an index." Following a meeting of finance ministers from the Group of Seven on September 2 in Berlin, the G7 club agreed to introduce a proposed price cap on Russian oil to limit the country’s revenues from its export. For doing this the G7 member states seek to establish a broad coalition and urge all countries that still seek to import Russian oil and petroleum products to commit to doing so only at prices at or below the price cap. Moscow warned it will suspend supplies of oil and petroleum products to states that decide to join this initiative. |
Sybiga: "We are working on a new minerals agreement"
56701.04.2025, 16:33Slovakia has received more than €100 million from the EU for energy projects in Ukraine
79031.03.2025, 18:57Trump: "New US tariffs will affect all countries"
74331.03.2025, 15:27Trump։ "Secondary tariffs will be imposed on Russian oil"
74231.03.2025, 12:09Germany has allocated 7.27 million euros to restore Ukraine's energy sector
106728.03.2025, 17:09Live: France and Britain will lead mission to support a future Ukrainian peace deal, Macron says
132627.03.2025, 21:21Overchuk: "Armenia will have to choose between the EAEU and the EU"
103527.03.2025, 12:39Tesla investor calls for Elon Musk to step down as boss
224818.03.2025, 23:39