The G7 countries have agreed to review the level of price caps on Russian oil exports. (file)
Washington:
US Treasury Deputy Secretary Wally Adeyomo said on Friday that a Group of Seven officials have agreed to review the level of the price cap on Russian oil exports in March.
G7 economies, the European Union and Australia agreed in December to cap seaborne exports of Russian oil at $60 a barrel as part of Western sanctions for Moscow’s invasion of Ukraine. Officials also agreed on two separate caps on Russian oil products.
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