Can the G-7 Put a Cap on Russian Gas Prices?
Published Date: 6/28/2022
Source: Bloomberg Markets and Finance
The Group of Seven leadersĀ agreedĀ on Tuesday that they want ministers to urgently evaluate how the price of Russian oil can be curbed to limit the energy proceeds that the Kremlin uses to finance its conflict in Ukraine. The main idea floated over the past few weeks has been some kind of cap. But can the idea actually be carried out in reality? Bloomberg's Maria Tadeo reports on "Bloomberg Markets: European Close."