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Hawkish member states including Poland push for tougher ceiling to limit Moscow funding for Ukraine war
Russian president is not attending meeting but Ukraine war and its fallout are expected to overshadow event
Officials likely to set fixed figure rather than floating rate
Treasury measures seek to cut access to key London-based P&I provision for seaborne cargoes
Latest rate rise of 0.5% is smaller than economists expected
Region’s central banks were quick off the mark to act after recent experience in tackling rising prices
Treasury study finds $160bn in lower annual costs as it pushes to cut Moscow’s export revenues
A global effort to mitigate the effects of food insecurity, currency weakness and rising debt is essential
Treasury guidance would give teeth to G7 plan to curtail Moscow’s energy revenues
The idea is to force importers to abide by the ceiling if they want Group of Seven shipping insurance to transport the fuel
Initiative is aimed at limiting Kremlin’s funding of its war against Ukraine
Leaders want insurers to become the effective enforcers of a price cap mechanism
Pledges to halt fossil fuel investment watered down against Ukraine war backdrop
Tracking the provenance of refined fuel exports could make any such move devilishly hard
Pledge to ease economic pressure and punish Moscow ‘very ambitious’, says German chancellor Olaf Scholz
Europe has halved its reliance on Russian gas but it is running out of short-term fixes
Group of advanced economies aims to restrict Moscow’s ability to import technology for its military
India, South Africa, Argentina, Senegal and Indonesia to take part in G7 deliberations
Talks on curbing Moscow’s energy profits to continue on Monday as India and others join Bavaria summit
Companies including Shell and Bank of America call for ‘clarity and stability’
Zelenskyy adviser says alliance should reaffirm partnership as Kyiv continues to fight Russia’s invasion
Leaders at summit hosted by Germany confront soaring inflation, an energy crisis and the threat of recession
G7 leaders meet as global energy markets grapple with spike in fossil fuel prices while funding of renewable energy lags
US official says soaring costs and reducing Russia’s revenues will be at the centre of weekend meeting
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