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EU, G7 Weigh Ban on Maritime Services for Russian Oil Exports, End to Price Cap

2022-08-13T165727Z_281352702_RC2ZUV95Z4FC_RTRMADP_3_GLOBAL-OIL

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Reuters

11:31 JST, December 6, 2025

BRUSSELS/LONDON/OTTAWA, Dec 5 (Reuters) – The Group of Seven countries and the European Union are in talks to replace a price cap on Russian oil exports with a full maritime services ban in a bid to reduce the oil revenue that helps finance Russia’s war in Ukraine, six sources familiar w...

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