WorldPolitical

G7 Agreement for Oil Battle with Russia

IranGate
1 Min Read
G7 Agreement for Oil Battle with Russia

G7 Group Agrees on Oil Battle with Russia

The finance ministers of the G7 have agreed to set a price cap on Russian oil transactions globally. Accordingly, a price in dollars will be set for Russian oil and two related oil products so that they are not traded at a higher price in the market. The G7 ministers also announced their new plan to combat the inflationary aspects of rising energy prices. Meanwhile, Russia has completely shut down the Nord Stream 1 pipelines and apparently does not intend to reopen them easily.

TAGGED:
Share This Article
ByIranGate
Every media institution, regardless of its origin or the doctrine it embraces, heralds the dawning of a new vista — a window that illuminates hidden recesses with the radiance of insight. It symbolizes the rich tapestry of perspectives that enable us to perceive and interpret our world. At the IranGate Analytical News Agency, our commitment is unwavering: to uphold the highest standards of journalistic integrity. We recognize and value the media literacy of our audience. We don't merely acknowledge it — we champion its growth, ensuring it thrives rather than diminishes. Our guiding principle resonates through every story we present: 'IranGate: Your Gateway to Enlightened Awareness.'

Social Media

Stay connected by following Iran Gate on social media