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MNI BRIEF: G7 Considering Russia Oil Price Cap - EU Official

MNI: Paris Seen In EU Anti-Subsidy Push Despite Business Fears
MNI: Paris Seen In EU Anti-Subsidy Push Despite Business Fears
(MNI) LONDON
(MNI) Brussels

Leaders of the G7 will consider capping Russian oil prices and will look into doing the same for gas, an EU official said today, with he comments come as the German G7 presidency prepares to issue its communique. “Many questions need to be discussed and clarified. It’s a complex market,” the official said.

Other countries present at the G7 meeting in Germany have argued for the price cap to be imposed on all oil producers, while France and Italy are reported to have had some objections to an oil price cap, arguing that such a plan would not work.

The leaders will also state in the communique that they are moving towards an import ban on Russian gold, although EU27 leaders will also need to be consulted before this can be implemented.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
USPolicy NewsHomepageFiscalGovernment sectorAPACJapanCEEMEABriefUKStoryRegionNorth America
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
USPolicy NewsHomepageFiscalGovernment sectorAPACJapanCEEMEABriefUKStoryRegionNorth America
True

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