G7 regime for Russian price caps set to be lenient, with eye on keeping oil flowing
September 26, 2022 Comments Off
The US has envisaged a complex yet loose regulatory regime for imposing caps on Russian crude and petroleum products prices, which will center around shipping services providers like tanker operators and marine insurers. G7 countries agreed in principle on Sept. 2 to cap the prices of seaborne Russian oil cargoes in a bid to hamper Moscow’s ability to fund its…
G7 regime for Russian price caps set to be lenient, with eye on keeping oil flowing
The US has envisaged a complex yet loose regulatory regime for imposing caps on Russian crude and petroleum products prices, which will center around shipping services providers like tanker operators and marine insurers. G7 countries agreed in principle on Sept. 2 to cap the prices of seaborne Russian oil cargoes in a bid to hamper Moscow’s ability to fund its…
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