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The Latest Breaking News from G7

Russia rejects $60 oil price cap, warns of response

Ukraine’s Western allies approve oil price cap to starve Russia of revenues as Kyiv pushes for a lower cap of $30.

Al Jazeera

Russia: Price Cap is 'Dangerous' and Will Not Curb Demand for Our Oil

Russia said on Saturday it would continue to find buyers for its oil, despite what it said was a "dangerous" attempt by Western governments to introduce a price cap on its oil exports. A coalition of Western countries led by the G7 group of nations agreed on Friday to cap…

Asharq Al-Awsat

UK and allies announce cap on Russian oil ‘to clamp down on Putin’s funding streams’

The cap is designed to curb Russia’s revenues from oil without halting significant volumes of exports, which could lead to supply shortages and push up prices globally

Evening Standard

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Russia will ‘not accept’ price cap on oil exports, Kremlin warns

The Kremlin on Saturday said it would not accept a price cap on Russian oil agreed by the EU, G7 and Australia. The agreement caps Russian seaborne crude oil at $60 per barrel and is aimed at limiting Moscow’s funds for the Ukraine war. Read FRANCE 24's liveblog below to…

France 24

G7 and allies approve Russian oil price cap to ‘slow war machine’

The £48 per barrel price cap will come into effect in early December, but Ukraine says it’s not low enough

The Independent UK

G7 Coalition Agrees $60 Per Barrel Price Cap for Russian Oil

The Group of Seven (G7) nations and Australia on Friday said they had agreed a $60 per barrel price cap on Russian seaborne crude oil after European Union members overcame resistance from Poland and hammered out a political agreement earlier in the day. The EU agreed the price after holdout…

Asharq Al-Awsat

Russia-Ukraine war live: Kyiv says ‘sick’ packages sent to its embassies following letter bomb in Madrid – as it happened

Ukraine’s foreign minister says 17 diplomatic missions have now received suspicious packages

The Guardian - AU

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Chalmers hopeful of Russian oil cap impact

The G7 and Australia have agreed to a $US60 a barrel cap on Russian oil, following the European Union's decision on the same move.

AAP

EU, G7, Australia to cap price on Russian oil at $60 per barrel

Price cap aims to reduce Russia’s ability to finance its war in Ukraine from selling crude oil internationally.

Al Jazeera

G7 coalition agrees $60 per barrel price cap for Russian oil

Reuters

EU states agree $60 a barrel cap on Russian oil after Polish green light

Poland, which was pushing for low cap, says deal will keep it at least 5% below market rate

The Guardian - UK

EU agrees to set $60 price cap level for Russian oil exports

The European Union agreed to put a price cap on Russian oil at $60 a barrel, paving the way for a wider Group of Seven deal.

Tribune News Service

What to know about the West's new efforts to slash Russia's oil revenue

Plans take effect next week that would ban most Russian oil imports from Europe and put a price cap on the oil going elsewhere. But Russia could still make money off oil to fund its war in Ukraine.

WEKU

US and France pledge Ukraine support amid Russia’s ‘brutal’ war

US and French presidents vow to hold Russia accountable for ‘atrocities and war crimes’ in its invasion of Ukraine.

Al Jazeera

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Reuters

Japan will use G7, UN roles to pressure Russia on Ukraine - foreign minister

Japan will use its turn next year in leadership roles at the Group of Seven and the United Nations to pressure Russia to halt its war in Ukraine, Japanese Minister of Foreign Affairs Yoshimasa Hayashi said at the Reuters NEXT conference.

Al Jazeera

Japan court upholds ban on same-sex marriage but offers hope

Tokyo court says Japan’s lack of legal protection for same-sex couples to become families violates their rights.

The Guardian - AU

Blast at Ukraine embassy in Madrid injures staff member; UK imposes fresh sanctions – as it happened

Employee at Ukrainian embassy in Spain injured handling a letter; UK targets 22 Russians including deputy PM Denis Manturov

Reuters

Why Macron? Biden state dinner highlights France's U.S. appeal

President Joe Biden's welcoming of French President Emmanuel Macron at the first White House state visit on Thursday since the U.S. Democrat took power in early 2021, is being celebrated by officials from both countries as a recognition of France's status as America's oldest ally.

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Reuters

Japan court upholds ban on same-sex marriage but voices rights concern

A Tokyo court upheld a ban on same-sex marriage on Wednesday but said a lack of legal protection for same-sex families violated their human rights, a comment welcomed by plaintiffs as a step towards aligning Japan with other G7 nations.

Reuters

EU inches towards deal on Russian oil price cap this week

European Union countries are inching towards a deal this week on a price cap on Russian oil, a way to adjust the cap in future, and on linking it to a package of new sanctions against Moscow over its invasion of Ukraine, diplomats said on Tuesday.

Reuters

Western governments struggle to agree on Russian oil price cap

Western governments want to set a maximum purchase price for Russian oil on the world market to limit Moscow’s ability to raise money for its war on Ukraine.

Reuters

G7 justice ministers agree to coordinate Ukraine war crime probes

The Group of Seven wealthy democracies (G7) agreed on Tuesday to set up a network to coordinate investigations into war crimes, as part of a push to prosecute suspected atrocities in Ukraine.

Financial Times

The week that could unravel the global oil market

As western countries prepare to impose a price cap on Russian crude, many of the industry’s norms are being undermined

The Independent UK

UK’s trade export growth slower than EU, US and G7 countries under Tories

Only Japan performed worse than the UK during the 11-year period

Asharq Al-Awsat

Ukraine's Zelenskiy Says Europe Must Avoid Division, Set Low Price for Russia's Oil

Ukraine's President Volodymyr Zelenskiy on Friday called on Europeans to remain united against Russia's war and to severely limit the price for Russian oil. "There is no split, there is no schism among Europeans and we have to preserve this. This is our mission number one this year," Zelenskiy said…

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