G-7 Opposes Lowering Russian Crude Price Cap From $60 a Barrel
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Andrew Duehren
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(2 minutes)
The Group of Seven advanced democracies want to keep .css-1h1us5y-StyledLink{color:var(--interactive-text-color);-webkit-text-decoration:underline;text-decoration:underline;}.css-1h1us5y-StyledLink:hover{-webkit-text-decoration:none;text-decoration:none;} the price cap on Russian crude at $60 a barrel, according to people familiar with the matter, thwarting hopes in some European capitals of tightening the Western sanctions this month.
European Commission officials warned the bloc’s member states about the G-7 position, saying that President Biden had told European Commission President Ursula von der Leyen in the Oval Office of the White House last week there was no appetite in Washington for adjusting the oil sanctions , according to the people familiar with the matter.
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.css-1c8janm-ImgWrapper{position:relative;height:100%;}.css-1c8janm-ImgWrapper img{border-radius:2px;object-fit:cover;}.css-1c8janm-ImgWrapper svg{position:absolute;bottom:0.6em;left:0.3em;}.css-1c8janm-ImgWrapper svg use{fill:rgba(0, 0, 0, 0.7);} Credit Suisse Shares Rebound After Bank Secures Loan .css-1cjtp1c-LiveCoverageLabel{font-family:var(--font-font-stack-retina-narrow);font-style:var(--font-style-normal);font-weight:var(--font-weight-medium);font-size:13px;line-height:0;margin-top:8px;letter-spacing:0.8px;text-transform:uppercase;color:var(--color-red);}.css-1cjtp1c-LiveCoverageLabel:before{position:relative;top:8px;left:-1px;content:'•';font-size:35px;margin-right:6px;} Live Coverage
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.css-vhrje3-Link{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;gap:16px;-webkit-text-decoration:none;text-decoration:none;gap:8px;min-width:219px;-webkit-flex-direction:row-reverse;-ms-flex-direction:row-reverse;flex-direction:row-reverse;-webkit-align-items:flex-start;-webkit-box-align:flex-start;-ms-flex-align:flex-start;align-items:flex-start;-webkit-box-pack:end;-ms-flex-pack:end;-webkit-justify-content:flex-end;justify-content:flex-end;height:auto;gap:16px;border-bottom:1px solid #CCCCCC;padding-bottom:16px;} .css-1wxap3u-ContentWrapper{width:272px;} .css-195x1aj-Headline{font-size:18px;font-weight:var(--font-weight-bold);line-height:20px;color:var(--primary-text-color);font-family:var(--article-subhed-font-family);margin:0;font-size:16px;font-weight:var(--font-weight-medium);line-height:24px;font-family:var(--font-font-stack-retina);font-style:var(--font-style-normal);} Biggest U.S. Banks Deposit $30 Billion in First Republic 13 hours ago
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.css-mbn33i-AuthorLink{color:var(--interactive-text-color);font-style:var(--font-style-italic);}.css-mbn33i-AuthorLink:hover{-webkit-text-decoration:none;text-decoration:none;} Laurence Norman .css-kx7fw8-FollowButton{display:inline;margin:0 8px;}.css-kx7fw8-FollowButton ufc-follow-author-widget:not(.hydrated){display:inline-block;width:60px;} Andrew Duehren. print. Listen to article. (2 minutes) The Group of Seven advanced democracies want to keep .css-1h1us5y-StyledLink{color:var(--interactive-text-color);-webkit-text-decoration:underline;text-decoration:underline;}.css-1h1us5y-StyledLink:hover{-webkit-text-decoration:none;text-decoration:none;} the price cap on Russian crude at $60 a barrel, according to people familiar with the matter, thwarting hopes in some European capitals of tightening the Western sanctions this month. European Commission officials warned the bloc’s member states about the G-7 position, saying that President Biden had told European Commission President Ursula von der Leyen in the Oval Office of the White House last week there was no appetite in Washington for adjusting the oil sanctions , according to the people familiar with the matter. What's News. .css-1ssco59-Link{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;gap:16px;-webkit-text-decoration:none;text-decoration:none;gap:8px;min-width:219px;} .css-qd7b40-Headline{font-size:18px;font-weight:var(--font-weight-bold);line-height:20px;color:var(--primary-text-color);font-family:var(--article-subhed-font-family);margin:0;display:-webkit-box;overflow:hidden;-webkit-box-orient:vertical;-webkit-line-clamp:3;font-size:16px;font-weight:var(--font-weight-medium);line-height:24px;font-family:var(--font-font-stack-retina);font-style:var(--font-style-normal);} Biggest U.S. Banks Deposit $30 Billion in First Republic .css-d19tje-TimeTag{font-family:var(--font-font-stack-retina);font-size:12px;line-height:15px;padding:0px;margin:0px;display:inline-block;font-weight:300;color:var(--secondary-text-color);font-size:14px;line-height:20px;color:var(--color-red);font-size:14px;line-height:20px;}.css-d19tje-TimeTag:after{content:'';} .css-1tq2rt6-StyledTimestamp-TimeTag{font-family:var(--font-font-stack-retina);font-size:12px;line-height:15px;padding:0px;margin:0px;display:inline-block;font-weight:300;color:var(--secondary-text-color);font-size:14px;line-height:20px;color:var(--color-red);font-size:14px;line-height:20px;}.css-1tq2rt6-StyledTimestamp-TimeTag{font-size:13px;font-weight:350;line-height:16px;font-family:var(--font-font-stack-retina);margin-top:8px;color:var(--secondary-text-color);font-size:12px;font-style:var(--font-style-normal);}.css-1tq2rt6-StyledTimestamp-TimeTag:after{content:'';} 13 hours ago. .css-1c8janm-ImgWrapper{position:relative;height:100%;}.css-1c8janm-ImgWrapper img{border-radius:2px;object-fit:cover;}.css-1c8janm-ImgWrapper svg{position:absolute;bottom:0.6em;left:0.3em;}.css-1c8janm-ImgWrapper svg use{fill:rgba(0, 0, 0, 0.7);} Credit Suisse Shares Rebound After Bank Secures Loan .css-1cjtp1c-LiveCoverageLabel{font-family:var(--font-font-stack-retina-narrow);font-style:var(--font-style-normal);font-weight:var(--font-weight-medium);font-size:13px;line-height:0;margin-top:8px;letter-spacing:0.8px;text-transform:uppercase;color:var(--color-red);}.css-1cjtp1c-LiveCoverageLabel:before{position:relative;top:8px;left:-1px;content:'•';font-size:35px;margin-right:6px;} Live Coverage. 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