G7 = The finance ministers of seven major countries held an online meeting on the night of the 2nd, Japan time, and agreed to set an upper limit on the transaction price of Russian oil in order to strengthen sanctions against Russia. .

G7 Finance Ministers such as Finance Minister Suzuki participated in the online meeting, and a statement was announced after the meeting.



According to that, it was agreed to set a ceiling on the transaction price of Russian oil and petroleum products transported by sea.



By forcibly lowering the price of Russian oil, the aim is to reduce Russia's income and curb soaring energy prices, and the G7 countries plan to introduce it in stages from December this year.



"To maximize the effectiveness of this effort, we strongly urge all countries intending to import Russian oil to commit to importing at or below the price ceiling," the statement said. are also invited to participate in this effort.



After the meeting, Minister of Finance Suzuki told reporters, "I would like to cooperate with the relevant ministries and agencies to quickly consider the implementation, and to cooperate with the international community to respond appropriately."



According to the Ministry of Finance, the oil produced by the oil and natural gas development project "Sakhalin 2" in the Russian Far East, in which a major Japanese trading company has an interest, will not be subject to this measure.

Russia's presidential office: 'We have no intention of exporting to countries that do not follow market principles'

"A cap on the price of Russian oil will lead to significant market instability," Kremlin spokesman Dmitry Peskov told reporters on Thursday. stated and denounced.



He added, "We do not intend to export to countries that do not follow market principles. We only export to other countries."

White House press secretary says 'very important step'

G7 = The United States, which has called on each country to set an upper limit, welcomes the agreement by the finance ministers of the seven major countries to set an upper limit on the transaction price of Russian oil.



White House spokesman Jean-Pierre said: "This is a very important step that the G7 countries, which make up 50% of the world's economy, will agree to implement. It will curb Russia's main source of income and lower energy costs. We have prepared multiple means to achieve this goal, and we believe we will be successful."