G7 members seek to cap Russian oil price — German official

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G7 members seek to cap Russian oil price — German official
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G7 countries discuss possible cap on Russian oil imports to crank up pressure on Moscow over its Ukraine incursion without stoking global inflationary pressures, German official says

Pipes at the landfall facilities of the 'Nord Stream 2' gas pipeline are pictured in Lubmin, northern Germany, on Feb. 15, 2022.

The proposal is part of broader G7 discussions on how to further crank up the pressure on the Kremlin over its incursion into Ukraine without stoking global inflationary pressures.

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