The G7 = seven major countries and Australia, and the EU = European Union announced the introduction of new sanctions to set ceiling prices for international trade in Russian petroleum products such as diesel fuel.
Following the oil price cap set in December last year, the measures will expand the scope of sanctions and curb the sources of funding for Russia's continued invasion of Ukraine.
According to the US government's announcement, the G7
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Australia, and the EU will set the maximum price for international transactions of petroleum products transported by sea from Russia from the 5th of this month.
Introduce new sanctions at $45 a barrel.
The G7 and others agreed in December last year to set the ceiling price for international trading of Russian crude oil at $60 per barrel.
This time, the aim is to expand the scope of sanctions and curb the sources of funding for Russia's continuing military invasion of Ukraine.
U.S. Treasury Secretary Janet Yellen, who has led the negotiations, has announced a comment that ``setting a ceiling price will play an important role in reducing Russia's ability to wage an illegal war.''