It is time to review the price cap for Russian crude oil, Ukraine’s foreign minister said on Thursday, as the current Ural market price is below the cap.
A coalition of the G7 countries plus Australia and the EU set a price cap for all seaborne Russian crude last year. The goal was to reduce Russia’s oil revenues, which it could pour into its war with Ukraine.
Russia, however, said it would not cooperate with the measure and refused to…
