G7 Prepares to Set Different Prices for Russian Oil Products

A group of countries within the G7 is preparing to establish different price ceilings for oil products from Russia. This was reported by Reuters, citing a representative of the G7.

According to the information, the G7 countries plan to set two price thresholds for Russian oil products in February. One will apply to premium products, while the other will target those sold at a discount.

"The G7 coalition will aim to establish two price thresholds for Russian oil products in February—one for premium products sold against crude oil prices, and the other for discounted products," the source stated.

It was previously reported that Russia may cease dealings with traders benefiting from the price cap on oil. This information was provided by The Rambler.