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Seven major countries, the so-called G7, have agreed to impose a price cap on Russian oil as a sanction in the wake of the Ukraine war.
Russia has threatened to cut oil supplies to countries participating in the sanctions.
Correspondent Kim Ki-tae.
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The G7 finance ministers, made up of seven major countries, including the United States, Britain and Germany, agreed to urgently implement a price cap on Russian crude oil and petroleum products after a video conference.
In a joint statement, they said, "In the future, we plan to implement a price cap system in such a way that shipping services are available only when Russian crude oil and petroleum products are purchased below a certain price."
The two goals of the price cap are to lower global energy prices and disallow Russian President Putin's profits to finance the war.
[Christian Lindner/German Finance Minister: We want to limit Russia's imports and at the same time reduce the economic damage to our society.]
Russia strongly objected.
It has warned countries that impose price caps on Russian energy will stop selling oil.
[Dmitry Peskov/Russian Kremlin Spokesperson: Countries participating in a potential price cap will not receive Russian oil.]
Russia announced a sudden stop of supply, saying "a leak was found during inspection" just seven hours before the gas supply resumed after maintenance of the gas pipeline to Germany was completed.