Cryptocurrency

Cryptocurrency

EU, G7 impose price caps on Russian petroleum products

Brussels, Feb 5 (IANS) The European Union (EU), together with the Group of Seven (G7), adopted on Saturday further price caps for seaborne Russian petroleum products, according to a European Commission (EC) press release. The price cap for "premium-to-crude" petroleum products, such as diesel, kerosene and gasoline, is set at $100 per barrel, while the cap for "discount-to-crude" petroleum products, such as fuel oil and naphtha, is set at $45 per barrel, the EC was quoted by Xinhua news agency as saying . The price caps will be implemented from...
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