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Ukraine war: EU, G7 back $60-per-barrel price cap on Russian oil
Video Credit: euronews (in English)
Published on December 3, 2022 - Duration: 00:30s
Ukraine war: EU, G7 back $60-per-barrel price cap on Russian oil
The $60 (€56.9) price cap on Russian oil per barrel, also adopted by G7 countries and Australia, is seen as a key step as Western sanctions aim to starve President Vladimir Putin of funding for his war in Ukraine.
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Ukraine
Country in Eastern Europe
European Union
Political and economic union of 27 states
Vladimir Putin
President of Russia (1999–2008, 2012–present)
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G7
Intergovernmental political forum
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