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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 …
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 …
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 …
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 …
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. …
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 …
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 …
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 …
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 …
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 …
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, …
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 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 …
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 …
Finance ministers of the Group of Seven (G7) will approve the plan stipulating the Russian oil price cap at their meeting on Friday, The Wall Street Journal newspaper reported, citing sources. The plan also stipulates setting the price …
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 …
Member-states of the Group of Seven (G7) are considering an opportunity of introducing the complete ban on services of oil carriage from Russia if its price is not approved by ‘international partners’ according to the foreign …
The Group of Seven richest economies aim to have a price-capping mechanism on Russian oil exports in place by Dec. 5, when European Union sanctions banning seaborne imports of Russian crude come into force, a senior G7 official said. …
A proposed price cap on Russian oil exports will only work if countries beyond Europe and the United States join the scheme, Shell Chief Executive Ben van Beurden said. The G7 group of countries agreed on Tuesday to impose a ban on …
Beijing is increasing its global reach through major investments in Africa and Asia
