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The Independent UK

National

Andrew Woodcock

G7 agrees price cap on Russian oil to rein in runaway energy costs

G7 Oil United States European Union Nadhim Zahawi Vladimir Putin Petroleum

Finance ministers of the G7 group of leading democracies have agreed a global price cap on Russian oil and petroleum products.

The cap will be implemented by introducing a ban on the provision services such as insurance and finance to any ships carrying Russian-origin crude and related products at above the permitted price.

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Top stories on inkl right now

Sexual assault survivor Nancy Mace appears to blast victim in ‘Cornell 7’ case

The Independent UK

New York City’s Marble Hill residents furious after ICE shooting: ‘Why do this?’

Locals also express fear after man shot in the neck while his child was in the back of his car

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A magnitude 7.7 earthquake shakes Panama, prompting evacuations

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Is Hair on Your Head "Personal Property" for Purposes of Robbery Law?

Reason

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Georgia-Alabama showdown is on schedule despite approach of Hurricane Isaias; Trump will skip game

The Southeastern Conference college football game between Georgia and Alabama remains scheduled for Saturday night despite Hurricane Isaias approaching the U.S. Gulf Coast

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Prosecutors oppose Luigi Mangione’s push for dismissal of state charges

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