Military comments on statements about Ukrainian army's counteroffensive in 2025
US, Allies to outline plan to cap Russian oil price - The Wall Street Journal
Finance leaders from the G-7 countries meet on September 2 to approve a plan and decide on the deadline for its implementation
This is reported by the Wall Street Journal, citing its own sources.
According to the plan, the G7 countries will ban financing and insurance of Russian oil supplies, except when it is purchased at a set price. These countries cover more than 30% of the global financial system and insure more than 90% of global transportation.
"Our goal is to create a licensing system that will allow Russian oil to flow, but reduce Russian revenues," said US Deputy Treasury Secretary Wally Adeimo.
The plan to limit prices will also apply to petroleum products, in particular gasoline — another important source of Russian export revenues.
Leave a comment
Read also:
- News
2024, Saturday
20 April
12:34
Updated
Ukrainian special services attack facilities in 8 Russian regions, damaging energy sector
2024, Friday
19 April
21:50
Review
Victorious news of 786th day of war: Ukraine’s Air Force shoots down Russian Tu-22M3, German drone manufacturer opens factory in Ukraine
21:35
Russian army attacks Ukrainian positions in Kherson region 7 times with little success — General Staff
20:57
Exclusive
Putin will continue war until it becomes clear who is next in White House — political analyst
20:36
Exclusive
What parameters should F-16 have to effectively fight Russia: aviation expert explains
18:00
Review
General election in India: Relations with Ukraine and why role of Asian player shouldn't be underestimated
16:13
Exclusive
Russian army redeploys aviation to Bakhmut sector, Ukrainian forces lack air defenses
14:27
Updated
Russia attacks Ukraine, killing and injuring civilians in Dnipro and region, including children
13:18
Both U.S. congressional parties back bill to aid Ukraine — Ukraine’s PM following meetings with US officials
12:58
Review
Ukraine's dependence on US assistance. Technological solutions and frontline update. Serhiy Zgurets's column