G7 leaders agree to study Russian energy price caps – officials

2022.06.28 10:11

FILE PHOTO: Yang Mei Hu oil products tanker owned by COSCO Shipping gets moored at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia June 13, 2022. REUTERS/Tatiana Meel/File Photo

GARMISCH-PARTENKIRCHEN, Germany (Reuters) – G7 leaders have agreed to study potential price caps on Russian oil and gas in a bid to limit Moscow’s ability to fund its invasion of Ukraine, G7 officials said on Tuesday.

The European Union will explore with international partners ways to curb energy prices, including the feasibility of introducing temporary import price caps, a G7 document seen by Reuters said. The official said this meant both oil and gas.

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