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Tag: Refined oil

G7 agrees on a price...

US Treasury Secretary Janet Yellen announced on...

G7 agrees on a price cap for refined Russian oil

US Treasury Secretary Janet Yellen announced on Friday that the Group of Seven industrialized countries will impose a price ceiling on refined Russian oil products such as diesel and kerosene as part of a coalition that includes Australia and a tentative agreement from the European Union. The ban is comparable to price caps imposed on Russian oil exports, with the purpose of decreasing the financial resources available to Russian President Vladimir Putin to fight the almost year-long war in Ukraine. “Today’s agreement builds on the price cap on Russian crude oil...

G7 agrees on...

US Treasury Secretary Janet Yellen announced on Friday that the Group of Seven industrialized countries will impose a price ceiling on refined Russian oil...
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