G7 countries intend to create a “coalition” to impose a ceiling on Russian oil prices

The G7 countries announced their intention to create a “broad coalition” to jointly impose a ceiling on Russian oil prices, the G7 finance ministers said in a statement released on Friday.

“We want to build a broad coalition to maximize the effectiveness of our measures and call on all countries that still want to import Russian oil and petroleum products to commit to doing so only at prices at or below the ceiling,” the statement said. website of the German Ministry of Finance.

It is noted that the price ceiling will be determined by the entire coalition and will be set at a level based on a number of technical parameters.