Why the G-7 cap on Russian fuel prices will be harder than it looks
With 24 days until G-7 nations impose a price cap on refined oil from Russia, Bloomberg News provides an overview of the main factors that need consideration before cap specifics are determined.
By Alaric Nightingale and Jack Wittels, bloomberg news
The Group of Seven industrialized nations is 24 days from imposing a cap on the prices at which Russia’s oil refineries are allowed to sell the fuels they make. It’s another historic moment for the global petroleum market.
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