{"id":540636,"date":"2022-12-03T12:57:49","date_gmt":"2022-12-03T07:27:49","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=540636"},"modified":"2022-12-03T13:33:16","modified_gmt":"2022-12-03T08:03:16","slug":"price-cap-on-russian-oil-will-benefit-emerging-markets-help-constrain-putins-finances-us","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/price-cap-on-russian-oil-will-benefit-emerging-markets-help-constrain-putins-finances-us\/","title":{"rendered":"Price cap on Russian oil will benefit emerging markets, help constrain Putin&#8217;s finances: US"},"content":{"rendered":"<p>The US has welcomed the USD 60-per-barrel price cap on Russian oil, describing it as an &#8220;important tool&#8221; that will benefit emerging markets and low-income economies and further cripple President Vladimir Putin&#8217;s finances used to fund his &#8220;brutal invasion&#8221; on Ukraine.<\/p>\n<p>The European Union reached a deal on Friday for a USD 60-per-barrel price cap on Russian oil. The Group of Seven nations and Australia joined the European Union in adopting the price cap on Russian oil, aimed at significantly reducing Moscow&#8217;s income and President Putin&#8217;s ability to continue to finance the war in Ukraine.<\/p>\n<p>Europe needed to set the discounted price that other nations will pay by Monday when an EU embargo on Russian oil shipped by sea and a ban on insurance for those supplies take effect.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US has welcomed the USD 60-per-barrel price cap on Russian oil, describing it as an &#8220;important tool&#8221; that will benefit emerging markets and low-income economies and further cripple President Vladimir Putin&#8217;s finances used to fund his &#8220;brutal invasion&#8221; on Ukraine. The European Union reached a deal on Friday for a USD 60-per-barrel price cap on Russian oil. The Group of Seven nations and Australia joined the European Union in adopting the price cap on Russian oil, aimed at significantly reducing Moscow&#8217;s income and President Putin&#8217;s ability to continue to finance the war in Ukraine. Europe needed to set the [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,215,148],"tags":[],"class_list":["post-540636","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/540636","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=540636"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/540636\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=540636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=540636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=540636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}