Julia Payne

2 weeks ago | insurancejournal.com | Julia Payne

A European official said on Thursday that the United States is “not convinced” about lowering the Group of Seven nations (G7) price cap on Russian crude oil. The European Union has proposed revising the cap down to an indicative level of $50 a barrel. The cap, agreed in 2022, was designed to stop Russian oil being sold to third countries using Western insurance services if the price exceeded $60 a barrel, in order to hit Moscow’s revenues. Ukraine has pushed for an even lower price of $30 a barrel.

2 weeks ago | msn.com | Dave Lawder |Promit Mukherjee |Julia Payne

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2 weeks ago | msn.com | Dave Lawder |Promit Mukherjee |Julia Payne

Microsoft Cares About Your PrivacyMicrosoft and our third-party vendors use cookies to store and access information such as unique IDs to deliver, maintain and improve our services and ads. If you agree, MSN and Microsoft Bing will personalise the content and ads that you see. You can select ‘I Accept’ to consent to these uses or click on ‘Manage preferences’ to review your options and exercise your right to object to Legitimate Interest where used.

2 weeks ago | reuters.com | Julia Payne

BANFF, Alberta, May 22 (Reuters) - A European official said on Thursday that the United States is "not convinced" about lowering the Group of Seven nations (G7) price cap on Russian crude oil. The European Union has proposed revising the cap down to an indicative level of $50 a barrel. The cap, agreed in 2022, was designed to stop Russian oil being sold to third countries using Western insurance services if the price exceeded $60 a barrel, in order to hit Moscow's revenues.

2 weeks ago | dzrh.com.ph | Julia Payne |Christian Kraemer |Promit Mukherjee

By Julia Payne, Christian Kraemer and Promit Mukherjee BANFF, Alberta (Reuters) -Finance leaders from the Group of Seven industrialized democracies sought to downplay disputes over U.S. President Donald Trump's tariffs and find some common ground to keep the forum viable as they met in the Canadian Rocky Mountains on Wednesday. G7 finance ministers put a positive spin on discussions in Banff, Alberta, to try to reach an agreement on a joint communique largely covering non-tariff issues.