EconomyPolitics The G7 summit’s contributors will talk about reducing the Russian oil worth cap to $30. Friday, June 13, 2025

Among the many matters on the desk on the G7 summit, which can happen from June 15 to 17 in Canada, is a proposed worth ceiling for Russian oil at $30 per barrel, in response to Olexander Khara, an professional on the Heart for Protection Methods.

“We anticipate extra stress on Russia. International Minister Andriy Sybiha spoke about $30 per barrel as a brand new worth ceiling (as we speak it’s $60). I have no idea whether or not the G7 will comply with this, however it’s fascinating that among the many invitees can also be the crown prince of Saudi Arabia, Mohammed bin Salman. He’s the one who can simply enhance oil manufacturing and thus, even with out agreements on a big worth discount, decrease it,” Khara famous.

Khara concedes that it’s unlikely the worth ceiling might be halved, however even a small discount would profit Ukraine. In that case, the Russians must make the most of their monetary cushion extra intensively.

In the meantime, the top of the EU international coverage service, Kaja Kallas, indicated that the EU may independently decrease the worth ceiling even when the US opposes it.