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G7 ministers to pursue price cap mechanism for Russian oil

Measure needs approval from all European Union states and coalition-building if they are to impact on Russian oil revenues

Shipshape: Russian warships during the Navy Day celebration in the Black Sea port Novorossiysk, a major outlet for country’s oil exports
Shipshape: Russian warships during the Navy Day celebration in the Black Sea port Novorossiysk, a major outlet for country’s oil exportsPhoto: AP/SCANPIX
  • Vladimir Afanasiev
Published 2 September 2022, 17:35Updated 7 September 2022, 11:44
G7Ukraine CrisisRussiaUkraineHungary