Price Cap

World

How Will Russia React to G7-EU Imposed Price Cap on its Oil Exports?

Russia remains unperturbed by the G7, EU imposed price cap on its seaborne crude. According to a report by Bloomberg, Russian foreign minister Sergey Lavrov condemned the move but said the cap was irrelevant. The report by Bloomberg pointed out…

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World

‘A Bad Joke’: EU Members Fail to Agree on Price Caps for Natural Gas, Russian Oil

The European Union this week failed to agree on the imposition of a price cap on natural gas to shelter citizens and businesses from pricey energy bills this winter. Energy ministers from the 27-member bloc slammed the proposal and some…

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