U.S., allies set parameters for price cap on Russian oil – WSJ

RSS NEWS Uncategorized

This Post was originally published here: Source Link

(Reuters) – The United States and its allies have reached agreement on which sales of Russian oil will be subject to a price cap, The Wall Street Journal reported on Friday.

Each load of seaborne Russian oil will only be subject to the price cap when it is first sold to a buyer on land, the United States and its allies have determined, the report said, citing people familiar with the matter.

(Reporting by Akriti Sharma in Bengaluru; Editing by Alex Richardson)