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The G-7 may cap Russia's oil price — but it won't dent Moscow's war chest, analysts say

Por: CNBC Business November 25, 2022

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Picture taken on May 3, 2022 shows a general view of Slovakia's largest mineral oil refinery Slovnaft in Bratislava, Slovakia. (Photo by JOE KLAMAR / AFP)Joe Klamar Afp Getty ImagesThe Group of 7 nations are in talks to cap Russian oil at $65 and $70 a barrel — but analysts say it likely won't have a significant impact on Moscow's oil revenues even if it's approved.Prices at those levels are close to what Asian markets are... + full article



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