EU policymakers on Friday signaled that the price at which non-G7 countries could purchase Russian crude and access G7 ...

The European Union on Friday agreed an 18th package of sanctions against Russia over its war in Ukraine, including measures ...

The European Union on Friday agreed an 18th package of sanctions against Russia over its war in Ukraine, including measures ...

This article was originally published by Radio Free Europe/Radio Liberty and is reprinted with permission. The European Union ...

About a month ago, the group of Seven (G7) coalition imposed a price cap on Russian oil with the objective of reducing Russia’s oil revenue which goes to fund its war machine.

As the G7 formed the plan, India and China have snapped up heavily discounted Russian oil, and are expected to continue big purchases outside the price cap, moves endorsed by Treasury Secretary ...

Since a price cap on Russian oil was set last year, Moscow has developed a “shadow fleet” of tankers and alternative options for insurance and financing, allowing it to sell oil at higher prices.

Treasury Secretary Janet Yellen said Friday that the G7's new plan to cap the price of Russian oil will serve as a "powerful tool" to fight inflation.

G7 Backs Price-Cap Plan for Russian Oil to Limit Revenue 6 minute read Oil pumping jacks, also known as "nodding donkeys" in a Rosneft Oil Co. oilfield near Sokolovka village, in the Udmurt ...

The recent oil price rally has driven Russian oil above the G7 price cap, with its flagship Urals blend averaging $72 in August. There were some talks in June or July to do a review, ...

The West’s biggest economies on Friday agreed to impose a price cap on Russian oil in an attempt to reduce Moscow’s ability to fund its war in Ukraine without further stoking global inflation.

About a month ago, the group of Seven (G7) coalition imposed a price cap on Russian oil with the objective of reducing Russia’s oil revenue which goes to fund its war machine. G7--which consists ...