G-7 nears agreement on inquiry into new Russian oil price sanctions OLASMEDIA TV NEWSThis is what we have for you today:
The Group of Seven club of wealthy democracies is heading for an agreement to extend sanctions against Russia by seeking a mechanism to limit the purchase price of Russian oil, officials said, but details are still being worked out.
The move, which is being discussed at the three-day G-7 summit in the Bavarian Alps that began on Sunday, comes on top of a ban on the purchase of Russian gold, officials said. They said oil is the Kremlin’s most lucrative export, while gold is a significant part of state revenues funding Russian President Vladimir Putin’s war.
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