Ukraine war: EU, G7 agree to cap price on Russian oil at $60/barrel | Oneindia News *International

Video Credit: Oneindia

Published on December 3, 2022 - Duration: 03:03s

Ukraine war: EU, G7 agree to cap price on Russian oil at $60/barrel | Oneindia News *International

The European Union, Group of Seven(G7) Nations and Australia have agreed to put a price cap of $60 per barrel on Russian seaborne crude oil as part of an international campaign to curb Russia’s ability to finance its war against Ukraine through energy sales.

Let us see what impact would this price cap have on the market.

#EU #G7 #RussianOil

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Political and economic union of 27 European states

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