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The U.S. will not back an EU proposal to impose a price cap on Russian oil that seeks to curb revenues for Russian President Vladimir Putin's war machine, according to Bloomberg.. Russia could ...

The United States is opposing a proposal by other Group of Seven nations to lower the price cap on Russian oil, Bloomberg reported on June 13. Citing unnamed sources, Bloomberg said the U.S ...

The United States is opposing a push by other G7 members to lower the price cap on Russian oil from $60 to $45 per barrel, ahead of the group’s summit in Canada.

Asked about Trump’s support for a Russian oil price cap, a White House official said the president looks forward to a “robust discussion on key economic and geopolitical issues.” Advertisement During ...

The cap was designed to allow Russian oil to be sold to third countries using Western insurance services provided the price was no more than $60 a barrel. The European Union and Britain have been ...

BRUSSELS/PARIS, - Most countries in the Group of Seven nations are prepared to go it alone and lower the G7 price cap on Russian oil even if U.S. President Donald Trump decides to opt out, four ...

The cap was designed to allow Russian oil to be sold to third countries using Western insurance services, provided the price did not exceed US$60 per barrel. "There is a push among European countries ...