G7 countries to continue sanctions policy towards Russia
G7 countries are also set to take measures to counter alleged attempts to circumvent its price cap on Russian oil, G7 finance ministers and Central Bank …
G7
G7 works on new anti-Iranian restrictions
Italy reported on the work of the G7 on sanctions against Iran
G7 urges Iran to halt development of nuclear program
The Group of Seven (G7) nations called on Iran stop developing its nuclear program, said in a statement following a virtual meeting. "We remain determined that Iran must never develop a nuclear weapon and …
G7 countries speak on way out of Middle East conflict
The creation of two states for two peoples is the only model for the existence of Israel and Palestine, the G7 statement says. In addition to this, the G7 countries condemned the attack by Palestinian radicals Hamas on Israel. There was also a demand to release the hostages and take a humanitarian pause.
EU sanctions against Russia: diamonds and aluminum may be included in new package
A specific list of new restrictions is being discussed within the G7
EU to ban restart of Russian gas supply on routes to Europe
The Group of Seven (G7) countries and the European Union are planning to ban Russian gas imports via routes where Moscow has previously cut supplies, acording to Financial Times referring to officials taking part in negotiations. …
G7 countries urge Russia to extend grain deal
The G7 foreign ministers consider the grain deal critically important, and urge Russia not to limit its validity period, according to a joint statement after the meeting. "We recognize the critical importance of the …
G7 to keep Russian oil price cap at $60
The Group of Seven (G7) coalition has decided to keep a $60 per barrel price cap on seaborne Russian oil, despite calls by some countries for a lower price cap, Reuters reported on Monday citing a coalition official. According …
G7 set to create tool to bolster enforcement of Russia sanctions
The Group of Seven nations are set to create a new tool to coordinate their enforcement of existing sanctions on Russia, an effort to tighten the screws and improve compliance, according to people familiar with the matter. The …
G7 seeks two price caps for Russian oil products
The Group of Seven (G7) coalition will seek to set two price caps on Russian refined products in February, one for products trading at a premium to crude oil and the other for those trading at a discount, a G7 official said. The …
G7 promise to increase economic pressure on Russia
According to German Foreign Minister Annalena Baerbock's statement, the countries of the Group of Seven (G7) plan to increase economic pressure on the Russian Federation and those who are trying to circumvent anti-Russian sanctions. …
G7 to ‘maintain and intensify’ economic pressure on Russia
The G7 countries remain committed to their "unprecedented coordinated sanctions measures" policy towards Russia, the leaders of the G7 said in a statement released on Monday. Thus, the organization said it remains …
G7, Australia agree on price cap for Russian oil at $60 per barrel
Members of the Group of Seven (G7) and Australia have agreed to set the price cap on Russian oil at the level of $60 per barrel, the countries said in a joint statement. "The G7 and Australia, as current members of the Price Cap …
U.S., allies eye $60 price cap for Russian crude
The United States and its allies are hoping to establish the price level at which Russian crude oil will be capped, people familiar with the talks told the Wall Street Journal. Officials are talking about setting the price at which …
G7 aims to announce Russian oil price cap level next week - report
Group of Seven nations aim to announce at what level they will set a price cap on Russian crude oil next Wednesday, according to people familiar with the matter. The Biden administration is expected to privately share a proposed price …
Bets on $200 oil surge as traders eye extreme volatility
A week ago, the U.S. Energy Information Administration cut its crude oil demand outlook for 2023 by 320,000 bpd, with supply also falling, by 300,000. This week, OPEC also revised down its oil demand forecast for next …
Beijing opposes G7’s interference in China’s internal policies
China is opposed to interference by the Group of Seven (G7) countries in its domestic politics, Chinese Foreign Ministry spokesman Zhao Lijian told a news briefing on Monday, when asked by TASS for a comment on the G7’s joint statement, …
G7 to introduce price cap for Russian oil in the coming weeks
The G7 countries intend to set a price cap for Russian oil "in the coming weeks," the G7 foreign ministers said in a written statement. According to the document, the ministers urge oil-producing countries to increase …
Germany’s Finance Minister calls for Russia oil-price cap
Germany’s Finance Minister Christian Lindner said he’ll be “inviting all members of the EU to support the idea of an oil price cap.” Speaking before an informal meeting of European Union finance chiefs in …
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 …
