questionText: To ask the Chancellor of the Exchequer, what discussions she has had with her G7 counterparts on (a) the potential impact of the oil price cap on the level of the Russian Federation's revenues to date and (b) the potential merits of reducing the level of the oil price cap; and what estimate she has made of the potential impact of the oil price cap on the Russian Federation's fiscal revenues in each of the last three years.
answerText: The implementation of the oil price cap has achieved its joint aims of 1) reducing Russian oil revenues by capping the price at which Russian oil can be transported using G7 maritime services (such as insurance and brokering for example), while also, 2) m...
heading: Oil: Russia