Oil Price Cap by the G7: UPSC Important Topic: 7 December 2022
Oil Price Cap by the G7 ∆ It is a plan by the G7 with the European Union and Australia to impose the price cap on Russian crude oil shipments, pegged at USD 60 to a barrel for now. ∆The price cap is essentially aimed at preventing firms in signatory nations from extending shipping, insurance, […]
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