G7 coalition agrees $60 per barrel price cap for Russian oil
After European Union members overcame opposition from Poland and reached a political agreement earlier in the day, the Group of Seven (G7) nations and Australia announced on Friday that they had reached an agreement to impose a price cap of $60 per barrel on Russian seaborne crude oil.
WASHINGTON/BRUSSELS : The Group of Seven (G7) nations and Australia on Friday said they had agreed a $60 per barrel price cap on Russian seaborne crude oil after European Union members overcame resistance from Poland and hammered out a political agreement earlier in the day.
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