The G7 finalizes an agreement to explore the introduction of caps on the price of Russian oil and gas

MADRID, 28 Jun. (EUROPA PRESS) -

The G7 members will explore ways to reduce the energy bill, without ruling out the possible setting of oil and gas price caps, in an attempt to cut Russia's income from hydrocarbon exports and minimize the negative impact of inflation.

According to a draft text that would include the conclusions of the summit seen by the 'Financial Times', the G7 leaders will explore the "feasibility" of introducing temporary caps on the prices of energy imports.

In this regard, a G7 official had previously commented that members agreed it was a good idea, but that "a lot of work" remained to be done to make it a reality.

In this way, the conclusions of the G7 summit, organized by Germany and which will end this Tuesday, underline the concern among the most industrialized countries regarding the cost that the war in Ukraine is causing in their economies.

In this sense, the newspaper points out that the authorities point out that said limit could be imposed through caps on the availability of European services, including insurance for Russian oil shipments, although they warn that it is very complex and will require work technical intensive.

"We support the basic structure," a G7 official said of the Russian oil price ceiling. "But the details need to be worked out," he added.

However, another official commented that all the members of the G7 agreed with the "basic idea of ​​reducing the sources of income from Russian oil".