The price of Russian oil is blowing past the $60 a barrel cap set by G-7 countries, highlighting the difficulty the West has had in curtailing energy revenues that have been used to fund Russia's ...

Advisers to U.S. President Donald Trump are discussing easing sanctions against Russia, including those imposed on Russian ...

The Group of Seven is considering collectively tightening or adapting an oil price cap on Russian petroleum ... price limit — currently set at $60 a barrel for crude oil — which was introduced ...

In 2022, the G7, European Union, and Australia implemented a $60 per barrel price cap on Russian seaborne oil as part of sanctions designed to limit Moscow's revenue, which could be used to finance ...