(ANSA-AFP) - ELMAU, JUN 27 - G7 nations on Monday ratcheted
up economic pressure against Moscow with progress in talks on
capping Russian oil prices and new sanctions hobbling Russia's
defence industry. A senior US official told reporters that
negotiations on how to cap the amount of money the Russians can
get for their key oil exports were advancing. "We're still in
final discussions with other G7 counterparts working to finalise
this, but we're very close to a place where G7 leaders will have
decided to urgently direct relevant ministers to develop
mechanisms to set a global price cap for Russian oil," the
official told reporters, speaking on condition of anonymity. The
goal of the plan is to starve the Kremlin of its "main source of
cash and force down the price of Russian oil". The White House
also unveiled new measures to hamper Russia's ability to
resupply the weaponry used in its onslaught against neighbouring
Ukraine. (ANSA-AFP).
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