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G7 countries agree on introducing a price cap on Russian oil

Report from: Energy Live News The measure aims to limit Russia’s earnings from oil exports The G7 has today announced its plan to impose a price cap on purchases of Russian oil. The coalition which includes Canada, France, Germany, Italy, Japan, the UK and the US has decided on implementing this measure to “reduce Russian revenues and…

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UK to phase out Russian oil imports

Report from GOV.UK The UK will phase out imports of Russian oil in response to Vladimir Putin’s illegal invasion of Ukraine by the end of the year The phasing out of imports will not be immediate, but instead allows the UK more than enough time to adjust supply chains, supporting industry and consumers. The government will…

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