Oil price cap scheme loses ‘credibility’ as Russian revenues rise

Researchers call for ban on tankers at EU and G7 ports if they have been involved in price cap breaches

G7 leaders met Ukraine’s President Volodymyr Zelenskyy in Japan at the weekend. — G7 leaders met Ukraine’s President Volodymyr Zelenskyy in Japan at the weekend.Photo: European Union

Paul Peachey

Published 24 May 2023, 08:34Updated 24 May 2023, 12:50

Russia Oil price cap G7 European Union Crude tankers