On September 2, Finance Ministers of all G7 countries, the U.S., Canada, the U.K., France, Germany, Italy, Japan, as well as the European Union announced their plan to “finalise and implement a comprehensive prohibition of services which enable maritime transportation of Russian-origin crude oil and petroleum products globally”, unless they are purchased at or below a “price cap” they will fix. The plan, however, doesn’t include Russian gas, which Europe is still quite dependent on. (Read More)
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