{"id":501693,"date":"2022-06-29T12:43:25","date_gmt":"2022-06-29T07:13:25","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=501693"},"modified":"2022-06-29T12:43:25","modified_gmt":"2022-06-29T07:13:25","slug":"advantage-india-as-g7-wants-russia-oil-price-cap","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/advantage-india-as-g7-wants-russia-oil-price-cap\/","title":{"rendered":"Advantage India as G7 wants Russia oil price cap"},"content":{"rendered":"<p>NEW DELHI:  In a bid to weaken Russia\u2019s ability to fund the Ukraine war, the Group of Seven (G7) leaders on Tuesday agreed to develop a price cap mechanism for Russian oil. According to reports, the G7 leaders discussed the US\u2019 suggestion that a price cap decided by consuming countries be imposed. While the contours of the scheme have not been announced, reports say Moscow will be allowed to recover production cost and earn a very small profit for its petroleum products.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: In a bid to weaken Russia\u2019s ability to fund the Ukraine war, the Group of Seven (G7) leaders on Tuesday agreed to develop a price cap mechanism for Russian oil. According to reports, the G7 leaders discussed the US\u2019 suggestion that a price cap decided by consuming countries be imposed. While the contours of the scheme have not been announced, reports say Moscow will be allowed to recover production cost and earn a very small profit for its petroleum products.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,207,143],"tags":[],"class_list":["post-501693","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-new-indian-express","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/501693","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=501693"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/501693\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=501693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=501693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=501693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}