G7 leaders meeting for a summit in the Bavarian Alps on Sunday are seeking a deal to impose a “price cap” on Russian oil as the group works to curb Russia’s ability to finance its four-month war in Ukraine.
The goal would be for a broad range of countries going beyond the G7 to impose a ceiling on the price paid for Russian oil in order to limit the benefit to the Kremlin war machine of the soaring crude price. It would also…
