The Capricorn Sun tanker is moored at Germany’s port of Rostock, Germany, August 5, 2022,. REUTERS/Andreas Rinke/File Photo Aug 3 (Reuters) – The United States remains confident that the Group of Seven’s price cap on Russian oil is working to squeeze Moscow’s revenues and stabilize energy markets despite a recent upturn in prices, a senior U.S. Treasury official said on Thursday.
In remarks prepared for a London conference, acting Assistant Secretary for Economic Policy Eric Van Nostrand hailed the price cap as a successful part of the multilateral sanctions regime imposed on Russia over its invasion of Ukraine, and said […]
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