US official: G7 leaders set to pursue price cap on Moscow's oil revenues, raise new tariffs on Russian goods
Headline from Waco Tribune-Herald
US official: G7 leaders set to pursue price cap on Moscow's oil revenues, raise new tariffs on Russian goods.
Waco Tribune-Herald's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
G-7 leaders are set to pursue a cap on Russian oil, raise tariffs on Russian goods and impose new sanctions. The U.S. will also purchase an advanced surface-to-air missile system for Kyiv.
The idea of a price cap on Russian oil isn’t new, but an increasing number of analysts warn that it’s going to be more harmful for citizens of consuming nations than for the Kremlin
The Group of Seven economic powers are set to announce an agreement to pursue a price cap on Russian oil. That's according to a U.S. official who briefed reporters on
Capping the price on Russian oil has proven divisive among world leaders, who must balance soaring inflation and energy prices with cutting off one of Moscow’s most lucrative income streams.
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