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G7 Calls On Indonesia To Cap Russian Oil Prices
United States President Joe Biden (center right) hugs President Joko “Jokowi” Widodo (center left) as they pose for a photo with G7 leaders and participants in the outreach program at Elmau Castle in southern Germany on June 27.(AFP/Tobias Schwarz)
August 11th, 2022 | 11:08 AM | 316 views
The Group of Seven has called on Indonesia to join its supplemental alliance, the G7+, and impose a price cap on Russian oil to bring the commodity down to pre-war prices, a United States official told The Jakarta Post on Tuesday.
Some Indonesian executives were also scheduled to hold meetings this week with US Treasury Department assistant Elizabeth Rosenberg to discuss the topic, the official said.
In late June, the United Kingdom announced that the G7 was “exploring further measures to prevent Russia from profiting from its war of aggression”, including the prohibition of all services that enabled the global transportation of oil products “unless the oil is purchased at or below a price to be agreed in consultation with international partners”.
The US official, speaking on condition of anonymity, said that while the G7 nations had already placed sanctions on Russian oil products, they were now seeking support in these measures from countries outside the group, such as Indonesia, Malaysia, Australia and Japan.
courtesy of THE JAKARTA POST
by Yvette Tanamal and Vincent Fabian Thomas (The Jakarta Post)
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