G7 have agreed to set a fixed price cap on Russian oil (price not yet set)

This is via Reuters (in brief), citing unnamed sources on the plan. An actual price cap on Russian oil will be set later this month, rather than adopting a floating rate.

This is re the plan to set a price cap on sea-borne oil shipments, scheduled to take effect on December 5

• “The Coalition has agreed the price cap will be a fixed price that will be reviewed regularly rather than a discount to an index," said a coalition source, who was not authorized to speak publicly.

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Russia's genocide in Ukraine has set them offside with most countries of the world. Russia is still supported by China and North Korea though.

eur EUR The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value Read this Term