The maximum price of Russian oil after the introduction of forced restrictions on its cost by the G7 countries will be no more than half of the current purchase price.
This was announced by Japanese Prime Minister Fumio Kishida, reports Japan Today.
Prime Minister of Japan announced the creation of a special mechanism by which Russian oil will not be bought at a higher price than it will be spelled out in a joint agreement.
It is assumed that international companies will be able to transport Russian crude oil and petroleum products around the world only if it is bought at a set price. The oil price cap is expected to give more strength to existing sanctions imposed on Russia.
"We are facing a serious situation in which the peaceful order is being violated. We have to show that we have to pay a high price for aggression," the prime minister said.
Kishida also noted that Russia's war against Ukraine has led to a sharp rise in the prices of major groups of consumer goods around the world.
Recall that earlier the UK, the US, Canada and Japan announced a ban on Russian gold supplies in order to increase pressure on Russian President Vladimir Putin's "war machine".
According to experts, as a result of the ban on gold imports, Russia's economy would lose about $19 billion annually.
