The funds will come from windfall profits generated by frozen Russian assets. Under the agreement, the money will be ...

Finance ministers and central bank governors from the Group of Seven democracies agreed during a meeting in western Canada ...

Top finance officials from the world’s seven wealthiest democracies set aside stark differences on U.S. tariffs and agreed to ...

The Group of Seven (G7) issued a joint statement on May 22, pledging to keep Russian assets frozen until the end of the war ...

Under the current terms of the price cap, which is set at $60, western operators can insure and transport oil from Russia only when it’s purchased below the price threshold. At the G7 meeting on ...

The G7 group of nations – including the EU – agreed last year to use profits from frozen Russian assets to fund a $50 billion loan for Ukraine. The assets themselves, however, remain untouched.

The Sanctioning Russia Act would impose history’s highest tariffs and tank the global economy. Congress needs a better ...

The current G7 price cap, imposed over Russia's war in Ukraine, is $60 per barrel. Sign up here. "The oil price cap, from our point of view, our position (is the) reasonable price cap (is ...

Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. Ukraine is urging the G7 to slash the price cap on Russian ...

But mostly, they'll want to keep the powerful Western policy alliance from fracturing, even if it means less-specific language and agreed actions, according to G7 ... from frozen Russia's ...

The United States and its allies have imposed broad economic penalties on Russia over its war in Ukraine. As the conflict ...

Another question hanging over the meetings will be whether the G7 can come to agreement on a new round of sanctions on Russia. The European Union and U.K. announced sanctions on Russian oil ...