Report: G7 wants to keep Russian oil price cap at $60

WASHINGTON, Mar 16 (PRIME) -- The Group of Seven leading industrial nations wants to maintain the price cap for Russian oil at U.S. $60 per barrel, the Wall Street Journal reported on Thursday citing sources familiar with the matter.

The Western countries earlier agreed to revise the oil price cap in March, and Poland and the Baltic countries have repeatedly requested a reduction of the price cap, but the G7 wants to keep the cap intact, the Wall Street Journal reported.

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