G7 price cap on Russian oil
The G7 group has agreed to impose a price cap on Russian oil imports. Moscow says the move would lead to a shortage in global oil markets and rocketing prices for European consumers.
Russia has also warned to retaliate by banning oil exports to countries imposing the restriction. The US and Europe have been pushing for the move for months while facing soaring energy prices and inflation.
So, will this punitive measure against Russia be effective in practice? And most importantly, wont this destabilize the global economy further?
Humanitarian crisis: Gaza children starving to death
Hamas: Biden ceasefire optimism ‘premature’
Nowhere to go
VIDEO | Iraqi fighters strike Israeli military target, vow ‘increasing intensity’
VIDEO | Iran confirms successful signals from Kowsar, Hodhod satellites
VIDEO | What will keep Gaza on top of the new US presidential agenda?
188 Palestinian journalists killed since start of Israeli war: Gaza media office
Enemy fears us, our weapons, fighters tell Hezbollah’s leader
VIDEO | Silencing anti-Israeli voices
Trump prepares to pull US out of Paris Agreement: Report
VIDEO | Protesters in Sydney demand end to military support for Israel
PressTV NEWSLETTER
now
This makes it easy to access the Press TV website
