{"id":518996,"date":"2022-09-03T09:51:51","date_gmt":"2022-09-03T04:21:51","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=518996"},"modified":"2022-09-03T10:44:08","modified_gmt":"2022-09-03T05:14:08","slug":"g7-finance-ministers-agree-to-impose-price-cap-on-russian-oil","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/g7-finance-ministers-agree-to-impose-price-cap-on-russian-oil\/","title":{"rendered":"G7 finance ministers agree to impose price cap on Russian oil"},"content":{"rendered":"<p>Group of Seven finance ministers agreed on Friday to impose a price cap on Russian oil aimed at slashing revenues for Moscow\u2019s war in Ukraine while keeping crude flowing to avoid price spikes, but their statement left out key details of the plan.<\/p>\n<p>The ministers from the club of wealthy industrial democracies confirmed their commitment to the plan after a virtual meeting. They said, however, that the per-barrel level of the price cap would be determined later \u201cbased on a range of technical inputs\u201d to be agreed by the coalition of countries implementing it.<\/p>\n<p>\u201cToday we confirm our joint political intention to finalise and implement a comprehensive prohibition of services which enable maritime transportation of Russian-origin crude and petroleum products globally,\u201d the G7 ministers said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Group of Seven finance ministers agreed on Friday to impose a price cap on Russian oil aimed at slashing revenues for Moscow\u2019s war in Ukraine while keeping crude flowing to avoid price spikes, but their statement left out key details of the plan. The ministers from the club of wealthy industrial democracies confirmed their commitment to the plan after a virtual meeting. They said, however, that the per-barrel level of the price cap would be determined later \u201cbased on a range of technical inputs\u201d to be agreed by the coalition of countries implementing it. \u201cToday we confirm our joint political [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-518996","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/518996","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=518996"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/518996\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=518996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=518996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=518996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}