The G7 countries and Australia, following the European Union, agreed to buy Russian oil at a price no more than $60 per barrel
The G7 countries and Australia, which will form the “Price Cap Coalition,” following the European Union, agreed to set a price ceiling for the purchase of Russian oil at $60 per barrel. This was reported on the website of the US Treasury. “The price ceiling is an important tool for limiting the income that Russia receives to finance the illegal war in Ukraine,” the department said.