BRUSSELS: The Group of Seven countries and the European Union are in talks to replace a price cap on Russian oil exports with a full maritime services ban in a bid to reduce the oil revenue that helps finance Russia’s war in Ukraine, six sources familiar with the matter said.

Russia exports over a third of its oil in Western tankers β€” mostly to India and China β€” with the use

πŸ“°

Continue Reading on Dawn

This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.

Read Full Article β†’