2022.12.03 19:23 GMT+8

G7, Australia agree on $60 per barrel price cap on Russian oil

Updated 2022.12.03 19:23 GMT+8
CGTN

The G7 nations and Australia agreed on capping the price on Russian seaborne crude oil to 60 U.S. dollars per barrel. The embargo will prevent shipments of Russian crude by tanker vessels to the EU, which currently accounts for two-thirds of the EU crude imports.

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