{"id":519008,"date":"2022-09-03T09:56:41","date_gmt":"2022-09-03T04:26:41","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=519008"},"modified":"2022-09-03T10:48:08","modified_gmt":"2022-09-03T05:18:08","slug":"g-7-set-to-back-plan-to-cap-russian-oil-price-to-ease-market-pressure","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/g-7-set-to-back-plan-to-cap-russian-oil-price-to-ease-market-pressure\/","title":{"rendered":"G-7 set to back plan to cap Russian oil price to ease market pressure"},"content":{"rendered":"<p>The Group of Seven most industrialized countries are poised to agree to introduce a price cap for global purchases of Russian oil &#8212; a measure the US hopes will ease energy market pressures and slash Moscow\u2019s overall revenues. <\/p>\n<p>G-7 finance ministers are meeting Friday, where they are expected to formally back the plan, according to two people familiar with the matter. The G-7 plan, which is part of broader efforts to punish Russia for its military invasion of Ukraine, would allow buyers of Russian oil under a capped price to continue getting crucial services like financing and insurance for tankers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Group of Seven most industrialized countries are poised to agree to introduce a price cap for global purchases of Russian oil &#8212; a measure the US hopes will ease energy market pressures and slash Moscow\u2019s overall revenues. G-7 finance ministers are meeting Friday, where they are expected to formally back the plan, according to two people familiar with the matter. The G-7 plan, which is part of broader efforts to punish Russia for its military invasion of Ukraine, would allow buyers of Russian oil under a capped price to continue getting crucial services like financing and insurance for tankers.<\/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-519008","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\/519008","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=519008"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/519008\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=519008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=519008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=519008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}