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G7 to explore caps on energy prices to curb Russian revenues

G7 to explore caps on energy prices to curb Russian revenues

G7 members will explore ways of curbing energy costs, including via possible caps on the price of oil and gas, as leaders vow to prevent Russia profiting from its “war of aggression” against Ukraine.

In a communiqué released on Tuesday, the G7 leaders said they would look for ways to reduce Russia’s hydrocarbon revenues while minimising the negative impact of high energy prices, especially on low and middle-income countries.

The…


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