G7, Australia agree on fixed price for Russian oil. #Reuters
977 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. |
Baltimore bridge's $81 billion trade crisis (photo)
66227.03.2024, 14:36EU approves 13th sanctions package against Russia
484021.02.2024, 14:54Bank of Georgia Group to buy Armenian bank Ameriabank for $303.6 million
270219.02.2024, 12:48Bank of Georgia Group PLC announcement regarding possible transaction with Ameriabank CJSC
286815.02.2024, 21:36EU takes step to confiscate Russian assets in Ukraine's favor
472212.02.2024, 22:18New EU sanctions package to include over 200 individuals, firms
521906.02.2024, 12:24Philippot: We need to lift sanctions against Russia in order to return cheap gas to France
447706.02.2024, 00:36European Union agrees on a new 50 billion-euro aid package for Ukraine
424601.02.2024, 16:48