G7 plans to tighten management over compliance with the “worth ceiling” on Russian oil – 2024-06-14 13:02:28

by times news cr

2024-06-14 13:02:28

The leaders of the G7 international locations plan to agree on tightening measures to adjust to the “worth ceiling” they set for Russian oil.

As Day.Az studies on the subject of Interfax, Bloomberg company reported this after reviewing the doc that got here into its possession.

“In accordance with a press release seen by Bloomberg, the G7 leaders (…) will promise to tighten compliance with worth restrictions on Russian oil,” the company studies.

“We are going to proceed to place important strain on Russia’s earnings from power and different commodities,” Bloomberg quotes excerpts from the assertion, which can be printed afterward Friday.

In accordance with the doc, the G7 may additionally announce “measures, together with sanctions and progressive controls (…) to fight Russia’s use of different transport strategies to avoid sanctions.” As well as, it’s deliberate to do extra to scale back Moscow’s earnings from the sale of metals.

From December 5, 2022, the European Union launched a “worth ceiling” on Russian oil at $60 per barrel, concurrently with an embargo on Russian oil provides to European international locations. The G7 international locations and Australia imposed an identical ban.

The G7 summit takes place from 13 to fifteen June in Puglia.

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