The G-7 rolled out a plan to cap the price of Russian oil, with the goal of limiting Moscow's revenue as its invasion of Ukraine grinds on
to cap the price of Russian oil
on global markets, committing to a novel new sanctions plan aimed at limiting Russia’s revenue from oil sales as its invasion of Ukraine grinds on. In a statement, the finance ministers of the G-7 said they would move to ban the insurance and financing of shipments of Russian oil and petroleum products unless they are sold under a set price cap.
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