In early June, at the behest of the Biden administration, German leaders assembled top economic officials from the Group of 7 nations for a video conference with the goal of […]
Group of Seven
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Back to news homeAmid Churning Oil Market, OPEC and Russia Leave Production Unchanged
OPEC and its allies, including Russia, said on Sunday that they would leave their quotas for oil production unchanged. The group, known as OPEC Plus, appears to have decided during […]
Ukraine’s Allies Agree on Russian Oil Price Cap
An elaborate United States-led plan to limit what Russia can charge for its oil exports is set to cap the price of Russian crude at $60 a barrel, the Group […]
E.U. agrees on Russian oil price cap of $60 per barrel after fraught talks.
The Kyiv-Pechersk Lavra monastery in Kyiv, Ukraine, which was raided by Ukrainian security services in November.Credit…Brendan Hoffman for The New York TimesKYIV, Ukraine — President Volodymyr Zelensky of Ukraine called […]
EU Nears Cap on the Price of Russian Oil
A complex effort by Ukraine’s allies to deprive Russia of billions of dollars in oil revenue by putting a cap on the price paid for its crude is reaching a […]
Price Cap on Russian Oil Wins Backing of G7 Ministers
WASHINGTON — The top economic officials of the world’s leading advanced economies agreed on Friday to forge ahead with a plan to form an international buyers’ cartel to cap the […]
The G7 ponders capping oil prices to deny Russia revenues. How would it work?
Leaders of the Group of 7 nations meeting in Germany, seeking a new way to throttle Russia’s finances while limiting the harm to Western economies, are discussing imposing a ceiling […]
Seizing Russian Assets to Help Ukraine Sets Off White House Debate
“I think it’s very natural that given the enormous destruction in Ukraine and huge rebuilding costs that they will face, that we will look to Russia to help pay at […]
Yellen Calls on Europe to Boost Ukraine Aid
BRUSSELS — Treasury Secretary Janet L. Yellen urged European nations on Tuesday to step up their spending to support Ukraine as Russia’s attacks on the country’s critical infrastructure showed few […]
Treasury Secretary Yellen Looks to Get Global Tax Deal Back on Track
“I think the reality of turning a political commitment into binding domestic legislation is a lot more complex,” said Manal Corwin, a Treasury official in the Obama administration who now […]