US, allies prepare to outline plan to limit price of Russian oil

The price-cap plan would also apply to petroleum products, such as fuel oil, another major Russian export, according to people familiar with the plan (Photo: Reuters) — The price-cap plan would also apply to petroleum products, such as fuel oil, another major Russian export, according to people familiar with the plan (Photo: Reuters)

wsj

5 min read . Updated: 01 Sep 2022, 07:36 PM IST Andrew Duehren, The Wall Street Journal

Western nations will set out a plan Friday to reduce Russian energy revenues without increasing global oil prices

Top Western finance officials are expected to lay out their plan for setting a cap on the price of Russian oil this week as they push to put together a workable policy before a December deadline.

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