E.U. agrees on Russian oil price cap of $60 per barrel after fraught talks.

E.U. agrees on Russian oil price cap of $60 per barrel after fraught talks.

The New York Times - Business:

The price cap, devised by Group of 7 countries and their allies, aims to limit Russia’s revenue while averting a global oil shock.

Matina Stevis-Gridneff Jim Tankersley and Alan Rappeport
Author: Matina Stevis-Gridneff Jim Tankersley and Alan Rappeport

This post first appeared in The New York Times - Business. Read the original article.