Members of the G7 group of leading economies have agreed to impose a price cap on Russian oil, as they seek to dent Moscow's ability to finance its war in Ukraine.
The cap, on crude oil and petroleum products, is also intended to curb soaring world energy prices, the group's finance ministers said.
It will be imposed in coordination with the European Union, though analysts say it will only have a decisive effect if other large countries follow suit.
But Russia, in anticipation of the decision, had earlier said that it would not sell oil to countries that imposed price caps.
Kremlin spokesman Dmitry Peskov said such a decision would lead to a "significant destabilisation of the oil markets".
https://www.bbc.co.uk/news/world-europe-62770663