Page 1 of 1 [ 1 post ]
04 Dec 2022, 6:16 pm
Quote:
Australia joins EU in implementing price cap on Russian oil
December 04, 2022 - 9:08AM
Australia and G7 nations are joining the European Union in adopting a global price cap on Russian oil.
The price of one barrel will now be capped at US$60.
The cap comes a day before an EU embargo on Russian oil shipped by sea takes effect and a ban on insurance for those supplies.
It’s a key step by G7 nations to prevent a sudden loss in Russian oil, which could lead to a surge in energy prices and further fuel inflation.
Ukraine’s President Volodymyr Zelensky has labelled the price cap as “weak” and not “serious” enough.
December 04, 2022 - 9:08AM
Australia and G7 nations are joining the European Union in adopting a global price cap on Russian oil.
The price of one barrel will now be capped at US$60.
The cap comes a day before an EU embargo on Russian oil shipped by sea takes effect and a ban on insurance for those supplies.
It’s a key step by G7 nations to prevent a sudden loss in Russian oil, which could lead to a surge in energy prices and further fuel inflation.
Ukraine’s President Volodymyr Zelensky has labelled the price cap as “weak” and not “serious” enough.
https://www.skynews.com.au/world-news/g ... rallPos=10
_________________
Laughter is the best medicine. Age-appropriate behaviour is an arbitrary NT social construct.
"A stranger is a friend gang-stalker you haven't met yet."
Truth may be inconvenient but it is never politically incorrect...The Oracle of Truth has spoken...
Glory to Ukraine.
Page 1 of 1 [ 1 post ]
| Similar Topics | |
|---|---|
| RAF joins US & Australia for largest Allied air exercise |
10 Feb 2023, 9:14 pm |
| Russian fighters collide with US drone, force it down |
16 Mar 2023, 3:05 pm |
| Former F.B.I. official arrested for Russian oligarch ties |
23 Jan 2023, 11:05 pm |
| American F-16 jets intercept 4 Russian warplanes near Alaska |
19 Feb 2023, 3:37 pm |
