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EU, G-7 Wait on Poland to Advance Russian Oil-Price Cap
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BRUSSELS—The European Union and the Group of Seven advanced economies are awaiting word on whether Poland will agree to a $60-a-barrel price cap on Russian oil that is supposed to take effect Monday.
The cap is part of the West’s attempt to squeeze the Kremlin’s oil revenues while keeping global supplies steady and avoiding an increase in prices. It has been crafted to try to allow Russian oil to sate global markets without Moscow getting the full benefit of its sale.
Read more on wsj.comAbout this in other media
How Washington Persuaded Europe to Put a Price Cap on Russian Oil wsj.com /1 year ago
How Washington Persuaded Europe to Put a Price Cap on Russian Oil wsj.com /1 year ago
EU-Med countries seek more flexible gas price cap mechanism euronews.com /1 year ago
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