{"id":7516,"date":"2025-06-13T00:01:38","date_gmt":"2025-06-13T00:01:38","guid":{"rendered":"https:\/\/www.euro-tv.ro\/news\/g7-ready-to-lower-russian-oil-price-cap-without-us-support-reuters-reports\/"},"modified":"2025-06-13T00:01:38","modified_gmt":"2025-06-13T00:01:38","slug":"g7-ready-to-lower-russian-oil-price-cap-without-us-support-reuters-reports","status":"publish","type":"post","link":"https:\/\/www.euro-tv.ro\/news\/g7-ready-to-lower-russian-oil-price-cap-without-us-support-reuters-reports\/","title":{"rendered":"G7 ready to lower Russian oil price cap without US support, Reuters reports"},"content":{"rendered":"
\"G7<\/p>\n

Most Group of Seven (G7) nations are prepared to lower the Russian oil price cap from $60 to $45 a barrel even without support from the United States, Reuters reported on June 12, citing unnamed sources familiar with the matter.<\/p>\n

According to Reuters<\/a>, the European Union<\/a> and United Kingdom<\/a>, backed by other European G7 countries and Canada, are ready to lead the charge in lowering the Russian oil price cap \u2013 even if U.S. President Donald Trump opts out.<\/p>\n

The price cap, which bans Western companies from shipping, insuring, or otherwise servicing Russian oil<\/a> sold above $60 per barrel, was first introduced in December 2022 as a measure to limit the Kremlin’s ability to finance its war against Ukraine<\/a>.<\/p>\n

The G7<\/a> had previously attempted to lower the Russian oil price cap; however, the proposal was dropped after U.S. Treasury Secretary Scott Bessent reportedly declined<\/a> to support it.<\/p>\n

It is unclear whether the U.S.<\/a> will support the decision this time around. Japan’s position is also undecided.<\/p>\n

Participating country leaders will revisit the price cap discussion at the upcoming G7 summit. Canada<\/a>, which holds the G7<\/a> presidency this year, will host the summit on June 15-17 in Kananaskis County, located in the western province of Alberta.<\/p>\n

The summit agenda will include topics such as support for Ukraine in the Russian war<\/a>, global economic stability, digital transformation, and climate change.<\/p>\n

President Volodymyr Zelensky is expected to attend<\/a> the summit and seek a meeting<\/a> with U.S. President Donald Trump<\/a>.<\/p>\n

<\/p>\n
\n
EU could impose Russian oil price cap without US support, Kallas says<\/div>\n
The European Union can impose an additional price cap on Russian oil without U.S. support, EU High Representative Kaja Kallas said at the Brussels Forum on June 11.<\/div>\n
\"G7The Kyiv Independent<\/span>Volodymyr Ivanyshyn<\/span><\/div>\n<\/div>\n
\"G7<\/div>\n

<\/a><\/figure>\n<\/div>\n

– https:\/\/kyivindependent.com\/tag\/ukraine\/rss\/<\/p>\n

This article appeared on the websitekyivindependent.com
\nThis article is taken based on Law no. 8\/1996 of Romania. News does not enjoy copyright, so they can be taken, this is our right to take news and information in its entirety and distribute them further. The content was made available to us through the rss mechanism
\nOriginal Content<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Most Group of Seven (G7) nations are prepared to lower the Russian oil price cap from $60 to $45 a barrel even without support from the United States, Reuters reported on June 12, citing unnamed sources familiar with the matter. According to Reuters, the European Union and United Kingdom, backed by other European G7 countries […]<\/a><\/p>\n","protected":false},"author":12,"featured_media":7517,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1152,1],"tags":[7053,3790,781,197,783,1695,1208,1328,587,977,123,1304,2395],"class_list":["post-7516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kyivindependent","category-news","tag-cap","tag-g7","tag-lower","tag-oil","tag-price","tag-ready","tag-reports","tag-reuters","tag-russian","tag-support","tag-to","tag-us","tag-without"],"yoast_head":"\nG7 ready to lower Russian oil price cap without US support, Reuters reports - News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.euro-tv.ro\/news\/g7-ready-to-lower-russian-oil-price-cap-without-us-support-reuters-reports\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"G7 ready to lower Russian oil price cap without US support, Reuters reports - News\" \/>\n<meta property=\"og:description\" content=\"Most Group of Seven (G7) nations are prepared to lower the Russian oil price cap from $60 to $45 a barrel even without support from the United States, Reuters reported on June 12, citing unnamed sources familiar with the matter. 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