A recent news article published in the EC Europa speaks about Questions and Answers: G7 agrees oil price cap to reduce Russia’s revenues, while keeping global energy markets stable.
Questions and AnswersWhat does the oil price cap achieve?
The price cap – which comes on top of the EU import ban on Russian seaborne crude oil and oil products, and the corresponding bans of other G7 partners – will further reduce the revenues Russia earns from oil. The oil price cap [60 USD per...
https://mfame.guru/faq-g7-agrees-to-cap-oil-prices-to-reduce-russias-revenues/