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Finance
G7 finance ministers agree to Russian oil price cap
German Finance Minister Christian Lindner arrives to provide a press release, following a gathering of the Group of Seven (G7) finance ministers in Berlin, Germany September 2, 2022. REUTERS/Michele Tantussi
BERLIN, Sept 2 (Reuters) – The Group of Seven (G7) finance ministers plan to implement a worth cap on Russian-origin crude oil and petroleum merchandise, they confirmed in a joint assertion on Friday.
The preliminary worth cap can be primarily based on vary of technical inputs and the value degree can be revisited as obligatory, mentioned the ministers.
“We intention to align implementation with the timeline of associated measures inside the EU´s sixth sanctions package deal,” they added.
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Reporting by Christian Kraemer, Writing by Miranda Murray
Enhancing by Paul Carrel
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