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The Latest Breaking News from G7

G7 coalition agrees $60 per barrel price cap for Russian oil

The Group of Seven (G7) nations and Australia on Friday said they had agreed a $60 per barrel price cap on Russian seaborne crude oil after European Union members overcame resistance from Poland and hammered out a political agreement earlier in the day.

Reuters

EU states agree $60 a barrel cap on Russian oil after Polish green light

Poland, which was pushing for low cap, says deal will keep it at least 5% below market rate

The Guardian - UK

EU agrees to set $60 price cap level for Russian oil exports

The European Union agreed to put a price cap on Russian oil at $60 a barrel, paving the way for a wider Group of Seven deal.

Tribune News Service

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What to know about the West's new efforts to slash Russia's oil revenue

Plans take effect next week that would ban most Russian oil imports from Europe and put a price cap on the oil going elsewhere. But Russia could still make money off oil to fund its war in Ukraine.

WEKU

US and France pledge Ukraine support amid Russia’s ‘brutal’ war

US and French presidents vow to hold Russia accountable for ‘atrocities and war crimes’ in its invasion of Ukraine.

Al Jazeera

Japan will use G7, UN roles to pressure Russia on Ukraine - foreign minister

Japan will use its turn next year in leadership roles at the Group of Seven and the United Nations to pressure Russia to halt its war in Ukraine, Japanese Minister of Foreign Affairs Yoshimasa Hayashi said at the Reuters NEXT conference.

Reuters

Japan court upholds ban on same-sex marriage but offers hope

Tokyo court says Japan’s lack of legal protection for same-sex couples to become families violates their rights.

Al Jazeera

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Blast at Ukraine embassy in Madrid injures staff member; UK imposes fresh sanctions – as it happened

Employee at Ukrainian embassy in Spain injured handling a letter; UK targets 22 Russians including deputy PM Denis Manturov

The Guardian - AU

Why Macron? Biden state dinner highlights France's U.S. appeal

President Joe Biden's welcoming of French President Emmanuel Macron at the first White House state visit on Thursday since the U.S. Democrat took power in early 2021, is being celebrated by officials from both countries as a recognition of France's status as America's oldest ally.

Reuters

Japan court upholds ban on same-sex marriage but voices rights concern

A Tokyo court upheld a ban on same-sex marriage on Wednesday but said a lack of legal protection for same-sex families violated their human rights, a comment welcomed by plaintiffs as a step towards aligning Japan with other G7 nations.

Reuters

EU inches towards deal on Russian oil price cap this week

European Union countries are inching towards a deal this week on a price cap on Russian oil, a way to adjust the cap in future, and on linking it to a package of new sanctions against Moscow over its invasion of Ukraine, diplomats said on Tuesday.

Reuters

Western governments struggle to agree on Russian oil price cap

Western governments want to set a maximum purchase price for Russian oil on the world market to limit Moscow’s ability to raise money for its war on Ukraine.

Reuters

G7 justice ministers agree to coordinate Ukraine war crime probes

The Group of Seven wealthy democracies (G7) agreed on Tuesday to set up a network to coordinate investigations into war crimes, as part of a push to prosecute suspected atrocities in Ukraine.

Reuters

The week that could unravel the global oil market

As western countries prepare to impose a price cap on Russian crude, many of the industry’s norms are being undermined

Financial Times

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The Independent UK

UK’s trade export growth slower than EU, US and G7 countries under Tories

Only Japan performed worse than the UK during the 11-year period

Asharq Al-Awsat

Ukraine's Zelenskiy Says Europe Must Avoid Division, Set Low Price for Russia's Oil

Ukraine's President Volodymyr Zelenskiy on Friday called on Europeans to remain united against Russia's war and to severely limit the price for Russian oil. "There is no split, there is no schism among Europeans and we have to preserve this. This is our mission number one this year," Zelenskiy said…

The Guardian - AU

Russia-Ukraine war: shelling forces Kherson hospitals to evacuate as UN warns millions plunged into hardship – as it happened

Governor of Kherson says attacks on hospitals means patients evacuated for their own safety

The Conversation

The 2022 Bali G20 declaration: did success really stem from Indonesia's diplomacy?

This year’s G20 Summit, held in Bali on November 15-16, successfully produced a joint declaration. This was somewhat surprising, yet welcome, considering that the high-level conference was held amid the unstable geopolitical situation and rising tension between major powers.

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Reuters

G7 to discuss Ukraine winter aid in Bucharest next week, Germany says

Foreign ministers from the Group of Seven (G7) will discuss how to further support Ukraine in ensuring its energy supply during a meeting in Bucharest next week, German Foreign Minister Annalena Baerbock said on Thursday on Twitter.

France 24

EU energy ministers hold tense talks on Russian natural gas price cap

Talks are taking place in Brussels on a proposal to set the ceiling for the price of Russian natural gas at €275 per megawatt hour. The plan has come under criticism from all sides for either being too complicated, too high or unnecessary. Meanwhile, the G7's plan to cap Russian…

Liverpool Echo

Households given £1,400 warning as cost of living crisis worsens

Sir Keir Starmer issued the worrying figure during Prime Minister's Questions

Daily Mirror

Rishi Sunak says he's 'strengthened economy' - despite Brits facing recession

The Prime Minister clashed with the Labour leader Keir Starmer after a forecast suggested the UK faced the lowest growth on any G7 country over the next two years

Salon

The climate reparations battle at COP27

How developing countries' 30-year battle for "loss and damage" funding culminated in a new agreement in Egypt.

Reuters

Vietnam boosts coal use plan for 2030 as G7 climate offer stalls

Vietnam has increased its coal power target for 2030 under a revised draft energy plan, government documents seen by Reuters show, while renewables goals were scaled back, in a potential blow to rich nations' funding initiatives for cleaner energy.

The Guardian - AU

Russia-Ukraine war at a glance: what we know on day 273 of the invasion

G7 nears a Russian oil price cap; Ukraine setting up ‘invincibility centres’ with heat and power for winter

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