Today news
About the same in other media
Group of Seven Agrees to Expand Sanctions on Russian Oil Industry
Reading now: 923
The U.S. and its allies agreed to cap the sales price of premium Russian petroleum products such as diesel at $100 a barrel and limit low-value ones such as fuel oil to $45 a barrel, expanding their sanctions on Russia’s oil industry.
Just as with the $60 a barrel price cap on Russian crude that the West imposed last year, the agreement will bar Western firms from handling seaborne cargoes of Russian oil products unless they are sold below the set prices. The sanctions aim to keep Russian oil available on global markets to keep prices steady, while also reducing the Kremlin’s revenue in response to its invasion of Ukraine.
Read more on wsj.comAbout this in other media
U.S. Plans to Impose New Sanctions on Some 200 Russian Individuals, Entities wsj.com /1 year ago
U.S., Allies to Boost Efforts to Stop Russia Skirting Sanctions wsj.com /1 year ago
Central Banks Hold Fate of Crypto in their Hands, Says Russian Economist cryptonews.com /1 year ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
