The G7 wanted to tighten the price limit on Russian oil
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G7 countries wanted to limit Russian energy revenues
The G7 states have agreed to take measures to limit Russian budget revenues from energy exports, as follows from the organization’s joint statement following the summit.
As noted, this is planned to be achieved by tightening the “price ceiling” on the sale of Russian oil. The G&C countries said in a statement that they intend to “exert significant pressure” on Russian exports of energy and other commodities.
Earlier it was reported that one of the largest Russian shipping companies, Sovcomflot, came under US sanctions. Also, 14 oil tankers owned by the company are now under sanctions. At the same time, it is allowed to carry out operations with Sovcomflot vessels if the cargo was loaded before February 23. This permit is valid until February 8.
The updated US list includes about 500 individuals and organizations, including from third countries. Earlier it was reported about Washington’s plans to introduce new restrictions regarding maximum prices for Russian oil.
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