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Kremlin says G7 leaders’ decision on Ukraine ‘destabilisation’
Hello and welcome back to the Guardian's live coverage of the war in Ukraine. Prior to the G 7 announcement, the Kremlin said imposing the price cap would trigger Russian retaliation. Hello and welcome back to the Guardian's live coverage of the war in Ukraine. Prior to the G 7 announcement, the Kremlin said imposing the price cap would trigger Russian retaliation. If G 7 leaders went ahead, it would lead to a significant destabilisation of the global oil market, Kremlin spokeswoman Dmitry Peskov...
Updated: 09/03/2022
Russia scraps deadline to resume gas flows to Germany
Russia has scrapped the Saturday deadline to resume gas flows via a major supply route to Germany after it said it had found faults in the Nord Stream 1 pipeline during maintenance. Russia has scrapped the Saturday deadline to resume gas flows via a major supply route to Germany after it said it had found faults in the Nord Stream 1 pipeline during maintenance. After a three-day halt for maintenance, Nord Stream 1, which runs under the Baltic Sea, was due to resume operating at 0100 GMT on Saturday...
Updated: 09/02/2022
G7 announces new sanctions plan against Russia
The Group of Seven wealthy nations has a plan to limit Russian oil prices on global markets, a new sanctions plan that will limit Russia's revenue from oil sales as Ukraine's invasion continues. The Group of Seven wealthy nations has a plan to limit Russian oil prices on global markets, a new sanctions plan that will limit Russia's revenue from oil sales as Ukraine's invasion continues. The finance ministers of the G 7 said they would ban the insurance and financing of Russian oil and petroleum...
Updated: 09/02/2022
G7 set to impose Russian oil cap
Finance ministers are expected to impose a price cap on Russian oil on Friday aimed at slashing revenues for Moscow's war in Ukraine but keeping crude flowing to avoid price rises, officials said. Finance ministers are expected to impose a price cap on Russian oil on Friday aimed at slashing revenues for Moscow's war in Ukraine but keeping crude flowing to avoid price rises, officials said. The ministers from wealthy industrial democracies are going to meet virtually and will issue a communique...
Updated: 09/02/2022
World Markets in sour mood as G7 yields surge
A trader walks on the New York Stock Exchange NYSE in Manhattan, New York City. Koreans Koreans' Labor Day holiday in view of the Meteorological Autumn is upon them, and world markets are in a sour mood. A trader walks on the New York Stock Exchange NYSE in Manhattan, New York City. Monday's Labor Day holiday in view of the Meteorological Autumn is upon us, and world markets are in a sour mood. With the exception of Japan, short-term bond yields across the G 7 continue to surge on a toxic mix...
Updated: 09/01/2022
G7 finance ministers to discuss US oil cap
Washington - Finance ministers from the Group of Seven club of wealthy nations will discuss the US Biden administration's proposed price cap on Russian oil when they meet on Friday, September 2th, the White House said. WASHINGTON - Finance ministers from the Group of Seven club of wealthy nations will discuss the US Biden administration's proposed price cap on Russian oil when they meet on Friday, September 2th, the White House said. The most effective way to hit hard at Putin 's revenue will...
Updated: 08/31/2022
UN nuclear watchdog heads to Ukraine's Zaporizhzhia plant
A team from the United Nations nuclear watchdog traveled to Ukraine's Zaporizhzhia nuclear plant on Monday, as Russia and Ukraine traded accusations of shelling in its vicinity, sparkling fears of a nuclear disaster. KYIV : A team from the United Nations nuclear watchdog traveled to Ukraine's Zaporizhzhia nuclear plant on Monday, as Russia and Ukraine traded accusations of shelling in its vicinity, sparkling fears of a nuclear disaster. Zaporizhzhia, which was captured in March but run by Ukrainian...
Updated: 08/29/2022
Wane growth unlikely to surpass inflation, economists say
Nearly 80% of economists said that Japanese wages are unlikely to grow as much as nationwide consumer prices over the next year, which is a bad news for an economy that has never seen real wage growth for more than two decades. Nearly 80% of economists said that Japanese wages are unlikely to grow as much as nationwide consumer prices over the next year, which is a bad news for an economy that has never seen real wage growth for more than two decades. The risk that households could tighten their...
Updated: 08/26/2022
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