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Six EU countries call for lowering of G7 price cap on Russian oil

European Union,G7,Politics,World

From the Center

BRUSSELS, Jan 13 (Reuters) - Six European Union countries called on the European Commission to lower the $60 per barrel price cap put on Russian oil by G7 countries, arguing it would reduce Moscow's revenues to continue the war in Ukraine while not causing a market shock. Price caps on Russian seaborne crude as well as refined petroleum products were set by G7 countries to curb Moscow's revenues from oil trade and in this way limit the country's ability to finance its invasion of Ukraine. "Measures that target revenues from...

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