Tag: russia oil price cap news

The great gamble on the Russian oil price cap

The great gamble on the Russian oil price cap

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Representational image of a Russian oil tanker | Photo Credit: Reuters The Group of Seven (G7) countries, the European Union and Australia have imposed a price cap on Russian sea-borne oil to make it harder for Russia to fund its war against Ukraine. Under the plan, which took effect on December 5 , Western companies that […]

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India to examine price cap proposal for Russian crude: Oil Minister Hardeep Singh Puri

India to examine price cap proposal for Russian crude: Oil Minister Hardeep Singh Puri

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The Group of Seven richest economies (G7) has been trying to enforce a price-capping mechanism on Russian oil exports The Group of Seven richest economies (G7) has been trying to enforce a price-capping mechanism on Russian oil exports India said on Wednesday it will examine a proposal by Western nations to impose a price cap […]

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