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The Latest Breaking News from G7

The G7's price cap on Russian oil begins to take shape

The Group of Seven countries is working to cap the price of Russian oil in an attempt to limit Moscow's ability to fund its invasion of Ukraine, a plan analysts say could work in the long term but might boost oil prices in coming months.

Reuters

Russia warns the West: energy price cap will be your undoing

Russia warned the West on Friday that plans to try to cap the price of Russia's oil and gas exports in retaliation for the war in Ukraine would fail and ultimately lead to the instability of the United States and Europe.

Reuters

The times that The Queen made us laugh

Stunts with a secret agent, sassiness to heads of states and a shared joke with Sir David Attenborough

Wales Online

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The Queen and US Presidents: From dancing with Gerald Ford to watching baseball with George Bush

The monarch played a pivotal role over the decades in the UK's relationship with the leaders of one of its closest allies.

Daily Record

Other nations weighing G7 Russia oil price cap, U.S.'s Adeyemo says

A number of oil-importing countries are considering joining the G7's plan to cap the price of Russian oil, Deputy U.S. Treasury Secretary Wally Adeyemo said on Thursday, adding that the group would issue related rules in the next few days.

Reuters

What should Ukraine expect from UK’s PM Truss?

Ukrainian analysts are optimistic that the new British leader will continue the close UK-Ukraine partnership.

Al Jazeera

India and China undercut Russia’s oil sanctions pain

Customs data suggest demand from Beijing and New Delhi is largely offsetting loss of sales to Europe

Financial Times

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NZ expresses active interest in joining German 'climate club'

Officials talk to their German counterparts about a new climate alliance to align trade settings with emissions reductions.

Newsroom.co.nz

Russian energy giant Gazprom shares chilling prediction of gas-less European winter

Energy giant Gazprom, which traditionally has had a large market across Europe, released the film on Monday three days after it announced the indefinite shutdown of pipeline Nord Stream 1

Daily Mirror

G7 company emissions falling short of global climate goal, study shows

Companies in the Group of Seven (G7) economies are failing to meet Paris Climate Agreement objectives, non-profit disclosure platform CDP and global management consultancy Oliver Wyman said on Tuesday, based on current corporate pledges to cut emissions.

Reuters

Gorbachev: The missed opportunity

George H.W. Bush could have helped Gorbachev in 1991. Instead, he paved the way to Vladimir Putin and the oligarchs

Salon

Fears rise of energy crisis after Russia switches off the gas – again

Shutdown over ‘oil leak’ comes only hours after G7 nations agree to impose a price cap

The Guardian - UK

Europe prepares to cut winter gas use as Russia fails to reopen crucial pipeline

Germany and France aim to lower heat in public buildings, while Italy plans to close them early and cut street lighting by 40%. Gazprom says the Nord Stream 1 gas pipeline could be closed indefinitely

Daily Mirror

EU ‘prepared to meet challenge’ if Russia fails to respect energy contracts

Comments come after Gazprom extends shutdown of gas supply through Nord Stream 1 to Germany

The Guardian - UK

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The Guardian - AU

Zaporizhzhia plant again loses last main power line; public bids farewell to Gorbachev at funeral – as it happened

Nuclear energy facility now linked to grid with a reserve line; former leader buried without state honours

The Guardian - AU

Russia-Ukraine war latest: what we know on day 192 of the invasion

Russia’s Gazprom extends shutdown of Nord Stream pipeline 1; nuclear inspectors to remain at Zaporizhzhia plant; G7 puts price cap on Russian oil

The Guardian - UK

Russia’s hybrid war on Ukraine extends to new terrain as Gazprom cuts supply to Europe

Energy war with west has exploded after weeks of tension

The Guardian - UK

Nord Stream 1: Gazprom announces indefinite shutdown of pipeline

Russian energy company had been due to resume gas delivery to Germany on Saturday morning

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Radio France Internationale

France vows to restart stricken nuclear reactors before winter

France's Energy Transition Minister on Friday called for "collective responsibility" to avoid energy rationing this winter as she announced that France's fleet of nuclear reactors would be fully operational by the winter. The news comes as G7 countries agreed to "urgently" implement Russian oil price cap.

The Independent UK

G-7 pledges to move forward with Russia oil price cap system

Finance ministers from the Group of Seven industrial powers have pledged to put in place a system designed to cap Russia’s income from oil sales, an idea the nations’ leaders had promised to explore in June

Evening Standard

G7 agree price cap on Russian oil to stop Putin’s ‘ability to fund war of aggression’

The cap is expected to be introduced in December for crude oil and for petroleum products in February

Tribune News Service

G-7 backs price-cap plan for Russian oil to limit revenue

The Group of Seven most industrialized countries said they plan to implement a price cap for global purchases of Russian oil — a measure the U.S. hopes will ease energy market pressures and slash Moscow’s overall revenues.

Axios

G7 countries back plan to cap price of Russian oil over Ukraine invasion

It's aimed at limiting the invasion's effect on energy prices and preventing Russian profits from oil exports.

The Independent UK

G7 agrees price cap on Russian oil to rein in runaway energy costs

Finance ministers of the G7 group of leading democracies have agreed a global price cap on Russian oil and petroleum products.

Evening Standard

In pictures: Mikhail Gorbachev - man who helped end the Cold War was feted in the west

The lifelong communist took the reins at a tense time in the Cold War but eventually presided over the demise of the Soviet Union.

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