G7 countries are considering a price cap on Russian offshore oil in the range of $65-70 per barrel. This was reported by Reuters, citing an EU diplomat.
Ambassadors from 27 EU countries discussed the proposal with the aim of reaching a common position by the end of the day.
The G7, which includes the United States, the EU and Australia, will impose a price cap on Russian offshore oil exports on Dec. 5 as part of sanctions against Russia.
Armenia nuclear plant, Rosatom Service directors sign contract on new cooling systems for plant
Kirill Komarov: Rosatom can offer Armenia nuclear reactors with capacity of 50 to 1,000 MW
Europe's largest solar power plant built in Portugal
Rosatom Service head responds to Azerbaijan criticism of Armenia nuclear plant
General Director: We do not consider the scenario of suspension of the Armenian NPP
Turkey to look for oil in Sea of Marmara
