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G7, Australia Reaffirm Intention To Phase Out Russian-Origin Crude Oil - Joint Statement

Fahad Shabbir (@FahadShabbir) Published December 03, 2022 | 04:00 AM

G7, Australia Reaffirm Intention to Phase Out Russian-Origin Crude Oil - Joint Statement

WASHINGTON (UrduPoint News / Sputnik - 03rd December, 2022) The Group of Seven (G7) industrial nations and Australia reaffirmed in a joint statement their commitment to phase out Russian-origin crude oil from their markets.

"We reaffirm our intention to phase out Russian-origin crude oil and petroleum products from our domestic markets," the joint statement said on Friday. "This commitment remains unchanged by the implementation of the price cap."

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