G7 will discuss proposed Russian oil price cap on Friday -White House
WASHINGTON :Finance ministers from the Group of Seven club of wealthy nations will discuss the Biden administration's proposed price cap on Russian oil when they meet on Friday, the White House said.
"It will be discussed further this week at the G7 finance ministers meeting ... happening on Friday." Despite Russia's oil exports hitting their lowest levels since last August, its export revenue in June increased by $700 million month on month due to higher prices, 40 per cent above last year's average, the International Energy Agency said last month.
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