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As part of the sanctions imposed on the Russian Federation as a result of the Russo-Ukrainian War, on 3 December 2022, the European Union (EU) agreed to cap the price of natural gas in order to reduce the volatility created by Russia in the gas market.
As part of the sanctions imposed on the Russian Federation as a result of the Russo-Ukrainian War, on September 2, 2022, finance ministers of the G7 group of nations agreed to cap the price of Russian oil and petroleum products in an effort intended to reduce Russia's ability to finance its war on Ukraine while at the same time hoping to curb further increases to the 2021–2022 inflation surge.
As part of the sanctions which have been imposed on the Russian Federation as a result of the 2022 Russian invasion of Ukraine, on 2 September 2022, finance ministers of the G7 group of nations agreed to cap the price of Russian oil and petroleum products in an effort which was intended to reduce Russia's ability to finance its war on Ukraine and curb further increases in the 2021–2022 ...
G7 leaders have agreed to study possible price caps on Russian oil and gas to try to limit Moscow's ability to fund its invasion of Ukraine, G7 officials said on Tuesday. The officials, who ...
The price of Russian crude oil has risen above a price cap set by the Group of Seven ... revenue from taxes and export tariffs on the oil and gas sector accounted for 45% of Russia’s federal ...
STORY: "We have to remove the incentives that are there for Russia to manipulate with volumes. And well, the answer is clear, we have to offer price cap for all Russian gas, not only pipeline but ...
The European Energy ministers agreed, on 19 December 2022, on a price cap for natural gas at €180 per megawatt-hour. [84] The objective being to stabilise and avoid major upward fluctuations in gas prices.
Some EU members are worried Moscow will completely shut down all gas flows to Europe, while others say a cap on only Russian gas won't bring prices down.