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Blinken is expected to discuss Russia’s oil price caps during the G20 meeting-US State Department

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Washington (Sputnik)-US Secretary of State Antony Blinken is expected to tackle the issue of Russia’s oil price caps at an upcoming Group of Twenty (G20) meeting, the Bureau of East Asian and Pacific State. Assistant Secretary of State Daniel Kritenbrink of the Bureau told reporters.

“G7 leaders discussed price caps as a way to achieve the goal of continuing to supply energy to the global market, while preventing the Kremlin from earning income that would allow it to continue prosecuting the war with Ukraine.” Said Kremlin Brink on Tuesday. “And I’m looking forward to it at the G20. This energy security issue will be discussed by Secretary Blinken not only at formal meetings, but also with his bilateral responders.”

At the G7 meeting in Germany on June 28-30, leaders of the seven most economically advanced states introduced new restrictions on Russia’s oil transport if Moscow disagrees with oil cuts. Announced a communiqué that said it would consider doing. price.

Secretary of State Antony Blinken testified at a Senate Foreign Relations Commission hearing on April 26, 2022 at Capitol Hill, Washington. -Sputnik International, 1920, 01.07.2022

The United States reaffirms its commitment to the 54th anniversary of the NPT Treaty on the Non-Proliferation, Blinken said.

G7 leaders also reaffirmed their commitment to curb their dependence on Russia’s energy products, including the phased abolition or ban on Russia’s oil and coal imports.

At the same time, the G7 encouraged oil-producing countries to ease tensions in energy markets and expand production to mitigate the impact on the most vulnerable and affected countries.

The G7 communiqué said it could implement an oil price cap scheme through options such as allowing Russian offshore crude and petroleum products to be shipped worldwide only if purchased below the agreed price standard.



https://sputniknews.com/20220705/blinken-expected-to-discuss-russian-oil-price-cap-during-g20-meetings—us-state-dept-1096994688.html Blinken is expected to discuss Russia’s oil price caps during the G20 meeting-US State Department

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