The price cap imposed on Russian oil by the G7 countries is not working as intended, US Treasury Secretary Janet Yellen said on Friday, as quoted by Bloomberg. She said market prices for crude exported from the sanctions-hit nation remain high. A $60-per-barrel price ceiling on Russian seaborne crude was ...
EU member states have failed to thrash out a ninth package of economic sanctions targeting Russia over its military campaign in Ukraine, according to Reuters. The news agency, citing an anonymous diplomat, said several countries objected to a proposed change to the existing measures. According to the report, discussions were ...
