Russia Considers Oil Price Floor in Response to G-7
- Moscow mulling either a fixed price or discounts for crude
- Step is a response to G-7-imposed cap on Russian oil prices
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Russia is considering setting a price floor for its international oil sales as a response to a cap that the G-7 nations set out last week.
Moscow is considering either imposing a fixed price for the nation’s barrels, or stipulating maximum discounts to international benchmarks at which they can be sold, according to two officials familiar with the plan.