price cap

The G7 finance ministers promise to strengthen control over compliance with the price ceiling on Russian oil.

The G7 countries postponed the review of the price ceiling for Russian oil, most of which is traded above the limit due to the rise in world prices.

The President of Ukraine Volodymyr Zelenskyy insists on limiting russian oil prices to the level of $30-40/barrel

Negotiations between the governments of the European Union countries on limiting prices for russian oil are ongoing.

The US has postponed the start of the price cap on russian oil, giving tankers another 45 days to unload.