[ad_1]
BRUSSELS, Belgium -The G7 and EU on Friday agreed a $60-per-barrel worth cap on Russian oil in an try and deny the Kremlin of battle sources, as President Vladimir Putin mentioned extra strikes on Ukrainian infrastructure had been “inevitable”.
The value cap, beforehand negotiated on a political degree between the G7 group of rich democracies and the European Union, will come into impact with an EU embargo on Russian crude oil from Monday.
The embargo will forestall shipments of Russian crude by tanker vessel to the EU, which account for 2 thirds of imports, probably depriving Russia’s battle chest of billions of euros.
“The G7 and Australia… reached consensus on a max…
Carry on studying: G7, EU agree oil worth cap to scale back Russia battle funding
[ad_2]
