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The Latest Breaking News from G7

G7 establishes climate club to fight global warming

The Group of Seven leading economies have created an open and international climate club in which countries are to cooperate in the fight against global warming

The Independent UK

G7 to focus on boosting Ukraine's air defence - leaders' statement

The Group of Seven (G7) economic powers said on Monday they would work together to bolster Ukraine's military capabilities, with an immediate focus on air defence systems, according to a leaders' statement released by Britain.

Reuters

Russia-Ukraine war: EU agrees extra €2bn for Ukraine military support; two civilians die after Russian rockets hit Donetsk town – as it happened

EU foreign ministers sign off more money for European Peace Facility; 10 people injured in attack on Hirnyk in Donetsk region

The Guardian - AU

From analysis to the latest developments in health,
read the most diverse news in one place.

Zelenskyy renews diplomacy, Biden signals air defences a priority

Ukrainian president holds talks with US, French and Turkish presidents amid fierce, protracted battles on eastern front.

Al Jazeera

The signs are clear. Our destiny lies with Europe, not a ‘sovereign global Britain’ fantasy

There is a path out of this prosperity-killing shambles and Labour can lead the way

The Guardian - UK

Russia oil price cap comes into force: How will it impact India

NEW DELHI: The Group of Seven (G7) nations, the European Union and Australia imposed a $60 per barrel price cap on Russian seaborne crude oil, with effect from Monday.

The Times of India

India to make Russia its number one oil supplier in move that could scupper impact of price cap

Exclusive: Analysts tell The Independent that India is now expected to overtake EU as largest importer of Russian crude following European ban

The Independent UK

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Number of oil tankers waiting at Bosphorus rises by five - Turkish agency

The number of oil tankers waiting in the Black Sea to cross Istanbul's Bosphorus strait on the way to the Mediterranean rose by five to 16 on Thursday, a shipping agency said, amid talks between Western and Turkish officials on steps to resolve the tanker queues there.

Reuters

Russia-Ukraine war: Putin hints at ‘long’ conflict and says risk of nuclear war is on the rise – as it happened

Russia’s president says he will use ‘all means’ available in war but another mobilisation of troops necessary at this stage

The Guardian - AU

Rishi Sunak and Joe Biden agree energy partnership as US pledges to boost UK gas supply

Washington set to double liquified natural gas exports to Britain

The Independent UK

Putin says Russia could be fighting in Ukraine for a long time

Russian President Vladimir Putin said on Wednesday his army could be fighting in Ukraine for a long time, but he saw no sense in expanding a call-up of 300,000 reservists from September and October after serious Russian battlefield setbacks.

Reuters

Tanker delays across Turkish straits not due to Russia oil price cap - official

Disruptions in tanker traffic from Russia's Black Sea ports to the Mediterranean are a result of a new Turkish insurance rule, not the price cap on Russian oil agreed by a coalition of G7 countries and Australia, an official with the group said on Tuesday.

Reuters

Analysis-G7 Russian oil price cap evolves from revenue squeeze to market anchor

When U.S. officials first floated the idea of capping Russian oil export prices in response to a planned European embargo in March, they pledged to squeeze revenues to Russia's war machine, while avoiding a devastating oil price spike.

Reuters

More than Ukraine war to high coal prices as debate over price caps continue

Why price controls might not work when coal supply is so short

Newcastle Herald

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Asharq Al-Awsat

Saudi Aramco Drops January's Arab Light Prices for Asia

Aramco announced that Saudi Arabia has dropped the January official selling price (OSP) for its flagship Arab Light crude for Asian buyers to a 10-month low. The price is $2.20 a barrel below official selling prices for December, so the demand outlook remains fragile. The largest oil exporter set the…

The Guardian - AU

Russia claims Ukraine shelling Zaporizhzhia nuclear plant – as it happened

Moscow accuses Ukraine of ‘nuclear terrorism’; Kremlin spokesperson says there is no prospect for negotiations with Kyiv at the moment

The Guardian - AU

Russia-Ukraine war at a glance: what we know on day 286 of the invasion

Four people die in Russian strikes; majority of missiles shot down

Al Jazeera

Russian oil price cap: Five things you need to know

Al Jazeera answers five key questions to better understand the effect of the EU and G7’s move.

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news in one place.

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Evening Standard

G7 price cap on Russian oil: How does it work and what is the aim?

The price cap is expected to apply significant financial pressure on Russia.

The Independent UK

Oil prices surge as cap on Russian crude comes into force

Russia is preparing response to price cap that will ‘destabilise world energy markets’, Kremlin says

Asharq Al-Awsat

Kremlin Says Western Oil Price Cap Will Not Hinder Military Operation in Ukraine

The Kremlin said on Monday that a Western price cap on Russian oil would destabilize global energy markets but would not affect Moscow's ability to sustain its military operation in Ukraine. Kremlin spokesman Dmitry Peskov said Russia was preparing how it would respond to the move by the G7 and…

France 24

Russian oil price cap and EU embargo come into effect

Starting this Monday, all Russian oil sold on international markets will be subject to a G7 and EU-imposed price cap. The measure is aimed at cutting into Moscow's financing for the war in Ukraine, while maintaining global supply. The bar has been set at $60 a barrel, which Ukraine's president…

Radio France Internationale

G7 Russian oil price cap and EU embargo come into force

The price cap on Russian oil agreed by the European Union (EU), G7 and Australia is set to come into force on Monday. It aims to restrict Russia's revenue while making sure Moscow keeps supplying the global market.

France 24

Wave of Russian missiles strike Ukraine, Kremlin says Ukrainian drones hit air bases

Air alerts blared across Ukraine and officials urged civilians to take shelter from a wave of deadly Russian missile strikes that caused major power outages. The strikes followed what the Kremlin said were Ukrainian drone attacks on two air bases deep inside Russian territory. Read our live blog to see…

The Guardian - UK

Monday briefing: Can curbing Russian oil profits help end the war on Ukraine?

In today’s newsletter: A plan to cap the price of Russian crude oil could slow down the war – if only Europe and others could find a consensus

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