- Earlier, a price range in the mid-60s was mentioned as a possible target for the cap as it represented the range.
- The implied countries are most likely China and India, the biggest buyers of Russian crude right now, both of which have declined to participate in a price cap scheme.
- Initially, getting China and India on board was a top priority for the G7 team but this appears to have changed.
The G7 Will Set A Fixed Price On Russian Oil
