Its finance ministers G7of the Group of Seven most powerful economies in the world, plan to implement “urgently» a ceiling on the price of Russian oil and products oiland encourage a “broad coalition» countries to participate in it, as they confirm in their joint statement issued today.
“The price ceiling will be set at a level that it will be based on a series of technical data and will be decided by the entire coalition before its implementation,” the seven countries write in this statement, assuring that future prices “will be publicly announced in a clear and transparent manner.”
“Our aim is to align the implementation with the timetable of the relevant measures within the sixth package of EU sanctions”, they add according to the Athens News Agency.
Source: News Beast
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