MAMUL.am
Hay / Հայ | Рус | Eng | Tür
USD 402.56, EUR 440.64, RUB 4.58, GBP 505.01
+4 °C, +4 °C ... +16 °C Tomorrow:+19 °C
G7, Australia agree on fixed price for Russian oil. #Reuters
FriPM+04E_+040NovE_November+0400RNovPM+04_2_81 | mamul.am
6232 | 0

The Group of Seven (G7) and Australia have agreed to set up a fixed price for Russian oil rather than introduce a floating rate that is also being discussed, Reuters reported on Thursday citing own sources.

The countries expect to make a decision on a price cap for Russian oil in late November.

According to the source, the G7 and Australia "agreed the price cap will be a fixed price that will be reviewed regularly rather than a discount to an index."

Following a meeting of finance ministers from the Group of Seven on September 2 in Berlin, the G7 club agreed to introduce a proposed price cap on Russian oil to limit the country’s revenues from its export. For doing this the G7 member states seek to establish a broad coalition and urge all countries that still seek to import Russian oil and petroleum products to commit to doing so only at prices at or below the price cap. Moscow warned it will suspend supplies of oil and petroleum products to states that decide to join this initiative.

Share with friends
ThuAM+04E_+040MarE_March+0400RMarAM+04_2_81
1237 | 0
ThuAM+04E_+040MarE_March+0400RMarAM+04_2_81
3374 | 0
ThuAM+04E_+040MarE_March+0400RMarAM+04_2_81
4108 | 0
ThuAM+04E_+040MarE_March+0400RMarAM+04_2_81
2543 | 0
WedPM+04E_+040MarE_March+0400RMarPM+04_2_81
1416 | 0
WedPM+04E_+040MarE_March+0400RMarPM+04_2_81
1596 | 0
WedPM+04E_+040MarE_March+0400RMarPM+04_2_81
2274 | 0
WedPM+04E_+040MarE_March+0400RMarPM+04_2_81
4113 | 1
WedAM+04E_+040MarE_March+0400RMarAM+04_2_81
2266 | 0
WedAM+04E_+040MarE_March+0400RMarAM+04_2_81
1494 | 0
WedAM+04E_+040MarE_March+0400RMarAM+04_2_81
2509 | 0
TuePM+04E_+040MarE_March+0400RMarPM+04_2_81
5142 | 0
TuePM+04E_+040MarE_March+0400RMarPM+04_2_81
2278 | 1
TuePM+04E_+040MarE_March+0400RMarPM+04_2_81
3715 | 0
TuePM+04E_+040MarE_March+0400RMarPM+04_2_81
5387 | 0
TuePM+04E_+040MarE_March+0400RMarPM+04_2_81
866 | 0
to top