The G7 has no immediate plans to review its price cap on Russian crude, despite the fact that Russian oil is trading above it.
The G7 has no immediate plans to review its price cap on Russian oil, with the last review having taken place in March of this year.
There were some talks in June or July to do a review, but that review never happened and there are no immediate plans to do another.
Despite the rise in prices, the G7 group hasn’t reviewed the cap since March this year and has no immediate plans to do so, four sources with knowledge of the G7 policies told Reuters.
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