This is stated in a statement released by the British government.

According to the report, the G7 countries will ban services such as ship insurance and the provision of financing to carriers of Russian oil at prices above a set threshold.

On September 2, the finance ministers of the G7 countries agreed to impose a ceiling on the price of oil from Russia.

The Kremlin said that if Russian oil does not go to Europe in the event of the G7 decision on a price limit, then it will go in alternative directions to those countries that operate on market conditions.