Oil pumping jacks, also known as “nodding donkeys”, in an oilfield near Neftekamsk, in the Republic of Bashkortostan, Russia
(Picture: Bloomberg via Getty Images)Finance ministers representing the G7 states have agreed a price cap on Russian oil and petroleum products.
Although the level of the cap is unclear at this stage, a statement from the G7 on Friday, said the move was designed in order “to reduce Russian revenues and Russia´s ability to fund its war of aggression”.
