UK and G7 allies consider tightening ‘meaningless’ cap on Russian oil exports

The UK and its G7 allies are considering tightening the “meaningless” cap on Russian oil export prices after Donald Trump’s trade war caused global oil markets to crash.

UK Treasury officials are understood to be actively considering plans to lower the $60 (£46) a barrel cap on Russian oil exports after the market plunged to $59.77 a barrel for the first time in more than four years this week.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.