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Australia backs G7 Russian oil price cap
Australia will support the G7 countries’ plan to cap the price on Russian oil imports in a bid to restrict its ability to fund its invasion of Ukraine. Treasurer Jim Chalmers said the price cap would help ease global oil prices, and urged other countries to join the partnership of nations. “We’re looking to limit some of the impacts of the war in Europe on the cost of living by supporting this price cap,” Dr Chalmers said on Monday. The government said the move would “not completely deal with this challenge” but should work to ease pressures on global oil prices. The wealthy G7 countries – the United ... (full story)
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- Posted: Sep 20, 2022 12:42am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 833
