G7

G7 agrees to Russian oil price cap

G7 agrees to Russian oil price cap

The Group of Seven (G7) finance ministers plan to implement a price cap on Russian-origin crude oil and petroleum products, they confirmed in a joint statement on Friday. The initial price cap will be based on range of technical inputs …

G7 persuading four more countries to abandon Russian oil

G7 persuading four more countries to abandon Russian oil

The Group of Seven has called on Indonesia to join its supplemental alliance, the G7+, and impose a price cap on Russian oil to bring the commodity down to pre-crisis prices, The Jakarta Post reported citing a US official.  Aside …

G7 leaders to attend G20 summit

G7 leaders to attend G20 summit

German Chancellor Olaf Scholz said that “as things stand today” all G7 leaders would attend the G20 summit in Indonesia this November even if Russian President Vladimir Putin participated. The Kremlin said …

Macron: UAE, Saudi can barely raise oil output

Macron: UAE, Saudi can barely raise oil output

Two top OPEC oil producers, Saudi Arabia and the United Arab Emirates, can barely increase oil production, French President Emmanuel Macron said he had been told by the UAE's president. Saudi Arabia and the UAE have been perceived …

G7 to hike sanctions on Russia

G7 to hike sanctions on Russia

The Group of Seven rich democracies will commit on Tuesday to a new package of coordinated actions meant to raise pressure on Russia, and will finalise plans for a price cap on Russian oil, a senior U.S. official said on Monday. G7 …

G7 nations to announce import ban on Russian gold

G7 nations to announce import ban on Russian gold

The G7 Group of developed nations will announce a ban on Russian gold imports in broader sanctions on Moscow over the conflict in Ukraine, U.S. President Joe Biden said. "Together, the G7 will announce that we will ban the import …

G7 nations to undertake to help Ukraine indefinitely

G7 nations to undertake to help Ukraine indefinitely

The Group of Seven nations will undertake to support Ukraine indefinitely, Bloomberg said on Sunday citing a draft statement. According to the document, the G7 nations will continue to offer financial, humanitarian, military and …

G7 summit protests kick off in Munich

G7 summit protests kick off in Munich

Thousands of protesters took to the streets of Munich prior to the G7 summit, the Welt TV channel informs. Earlier, the police reported that over 20,000 people would take part in the protests. So far, there is no official …

G7 summit to focus on Russia sanctions

G7 summit to focus on Russia sanctions

Leaders of the Group of Seven (G7) nations will focus on Ukraine at the upcoming summit in Germany as they discuss how to proceed with sanctions against Russia, a German government source said on Monday. The talks will also focus on the …

G7 demands oil from OPEC

G7 demands oil from OPEC

G7 energy ministers have called on the Opec group of oil producing countries to pump more oil

G7 commits to decarbonizing electricity by 2035

The G7 agreed on Friday to achieve "predominantly decarbonized" electricity sectors by 2035, a goal that experts say is a major step in helping the world avert catastrophic climate change. The G7 nations made the new pledge in …

G7 finance ministers and central bankers to meet on April 20

G7 finance ministers and central bankers to meet on April 20

On April 20, Washington will host a meeting of finance ministers and heads of central banks of the G7 member countries. The officials will discuss the possibility of increasing sanctions pressure on Russia in connection with the …