Russia has repeatedly said it will not supply oil to countries that implement the cap of $60 per barrel, which western powers intend to use to limit a key source of funding for Moscow's war in Ukraine.
- BusinessOPEC+ keeps steady policy amid weakening economy, Russian oil cap
OPEC and its allies angered western nations when it agreed to cut output until the end of 2023. Washington accused the group and one of its leaders, Saudi Arabia, of siding with Russia.
- WorldUK could use military to ease strikes, Conservative chairman says
Thousands of nurses in England and ambulance workers in England and Wales plan to walk out over pay and conditions.
- BreakingviewsWestern firms’ Chinese red lines are not their own
If Western states were to impose sanctions on China, boards would have their red lines decided for them. Until that happens, they can assume such a step won't happen, Lisa Jucca writes.