G7 ministers to address imbalances, discussed $50/barrel Russian oil price cap-EU's Dombrovskis
ReutersMay 22, 2025 4:07 PM
BANFF, Alberta, May 22 (Reuters) - Group of Seven finance leaders agreed to address global economic imbalances and advanced plans for stronger Russian sanctions in support of Ukraine, including potentially lowering the G7 price cap on Russian crude oil exports to $50 a barrel, European Union Executive Vice President Valdis Dombrovskis said on Thursday.
Dombrovskis told reporters that the G7 finance ministers and central bank governors had a "positive and successful meeting" despite difficult conversation over new U.S. tariffs.
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