G7 Continues To Seek Ways To Limit Russia’s Oil Revenues

The G7 group of leading industrialized nations continues to explore ways of curbing Russia’s huge revenues from oil, including by considering a ban on all services enabling transportation of Russian oil unless said oil has a price cap, the G7 foreign ministers said on Tuesday. Canada, France, Germany, Italy, Japan, the United Kingdom, and the U.S., and the High Representative of the European Union, have been mulling for weeks the idea of putting a cap on Russian oil. Those efforts continue, the Foreign Ministers said in a statement on energy…