Jun 27, 2022
G-7 to Tell Ministers to Explore Price Cap on Russian Gas
Bloomberg News
,(Bloomberg) -- Group of Seven leaders are set to instruct ministers to explore implementing a price cap on Russian gas, according to people familiar with the discussions.
The mandate is expected to be announced as the three-day summit ends Tuesday. It comes as part of broader discussions on how to limit the profit Russia makes on its energy exports. The leaders are also expected to mention a mechanism to cap prices on Russian oil in the final communique.
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