French Finance Minister Bruno Le Maire said that the G-7’s proposed price cap on Russian oil would require wider international participation to be a success.
However, it is expected to be ready before early December when EU sanctions on seaborne imports of Russian crude kick in.
More than that, however, Le Maire said the policy would require participation by other major global economies.urged involvement from China and India "If we want to be efficient in these sanctions, we need to reduce the revenues that Russia is gaining from oil and gas selling," Le Maire said.Russia has previously said it will not sell oil to nations that impose a price limit. And following the G-7's announcement on Friday, Russia's state-owned energy giant Gazprom said it would not restart gas flows via the Nord Stream 1 pipeline due to technical issues.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Shadow French Manicure is a Dark, Trippy Twist on the ClassicShadow french manicures with a chrome nails finish is the dark new twist on your classic french tips. Here's how to DIY the nail look at home.
Read more »
This French Surfer Dude Built a Carbon-Fiber BMW 1602Surfboard shaper Paul LeFevre just wanted wheel flares, then things got carried away.
Read more »
The 10 Most Popular Fast-Food French Fries Right Now — Eat This Not ThatFact: Fast-food joints are nothing without salty fries. This list celebrates the top 10 most popular fast-food french fries right now.
Read more »
Citroen And Polestar Reportedly Settle Logo Dispute That Resulted In French Sales Ban | CarscoopsCitroen And Polestar Reportedly Settle Logo Dispute That Resulted In French Sales Ban | Carscoops carscoops
Read more »
Serena and Venus Williams Lose in Doubles Match at U.S. OpenThe Williams sisters reunited on the court but fell short of securing the victory.
Read more »
Sézane Gets New Minority InvestmentThe B Corp-certified digital native French brand received an undisclosed investment from Téthys Invest.
Read more »