TELFS-BUCHEN, Austria—Group of seven leaders are expected to agree to begin work on one Mechanism to limit purchase price In Russian oil, the US announced a new round of military aid to Ukraine and sanctions against Moscow, Biden administration officials said on Monday.
The official said the leaders would instruct relevant ministers in their countries to work out the details of the Russian oil cap, which would form a conglomerate of buyers from Western countries and their allies. There is no timeline yet on when the details will be worked out. The G-7 leaders discussed the issue on the first day of their meeting in the Bavarian Alps on Sunday.