G7 May 'Compromise' With EU, Symbolically Lower Russian Oil Price Cap Amid Split Over Revision

Earlier, amid plans by the G7 nations this month to reevaluate the $60 per barrel price cap on Russian oil that went into effect on December 5, 2022 as part of the sanctions campaign, a Russian energy expert has speculated that it would be unprofitable for the United States if the price cap for Russian oil were revised downwards.