Macron: Some make money from the war, to put a ceiling on Russian oil prices

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French President Emmanuel Macron has said he supported the idea of ​​a cap on Russian oil prices at the G7 summit, as he felt that some were making money from the Russian invasion of Ukraine, which has pushed up energy prices.

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“Some producers and speculators make a lot of money from the war,” Macron said.

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He added that he was in favor of a Russian ceiling on Russian gas, which would be easier to implement than a ceiling on oil, and that the buyers’ alliance needed to be expanded to allow the ceiling to work on Russian oil.

The G7 is considering a price cap as a way to prevent Moscow from profiting from its invasion of Ukraine, which has pushed up energy prices sharply.

Source: Capital

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