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Ukraine’s Allies Agree on Russian Oil Price Cap

The plan to impose a top price of $60 a barrel on Russian crude will most likely make a small dent in the Kremlin’s revenue, but the White House hopes it will help avert an oil shock.

Matina Stevis-Gridneff
Author: Matina Stevis-Gridneff

Written by

Matina Stevis-Gridneff

in

Embargoes and Sanctions, European Union, Group of Seven, International Trade and World Market, Oil (Petroleum) and Gasoline, Russian Invasion of Ukraine (2022)
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