- The U.S. Treasury is looking to structure a three-phased approach to the G7 sanctions and price caps on Russian oil to keep Russian crude and products flowing—but at lower prices.
- The G7 group of the most industrialized nations will first target Russia’s crude oil, then move on to include diesel in the second stage.
- Some EU countries are also pushing for a price cap on natural gas.
Russia Suggests A Price Cap On U.S. LNG
