{"id":32125,"date":"2025-08-09T05:38:00","date_gmt":"2025-08-08T21:38:00","guid":{"rendered":"https:\/\/multimetro.hk\/plus\/2025\/08\/09\/canada-joins-allies-in-lowering-price-cap-for-russian-oil\/"},"modified":"2025-08-09T05:38:00","modified_gmt":"2025-08-08T21:38:00","slug":"canada-joins-allies-in-lowering-price-cap-for-russian-oil","status":"publish","type":"post","link":"https:\/\/multimetro.hk\/plus\/2025\/08\/09\/canada-joins-allies-in-lowering-price-cap-for-russian-oil\/","title":{"rendered":"Canada joins allies in lowering price cap for Russian oil"},"content":{"rendered":"<p>The Canadian government said<br \/>on Friday it will join some of its closest allies in lowering<br \/>the price cap for Russian oil over its continued war in Ukraine,<br \/>the country&#8217;s finance department said in a statement on Friday.<br \/>Canada will lower the price cap for seaborne Russian-origin<br \/>crude oil to $47.60 from $60 per barrel, the statement said.<br \/>The price cap move brings Canada in line with the European<br \/>Union and the United Kingdom, who announced in July they would<br \/>lower the cap as they target Russia&#8217;s oil revenues and ramp up<br \/>pressure on Moscow over the war.<br \/>\u201cBy further lowering the price cap on Russian crude oil,<br \/>Canada and its partners are ratcheting up the economic pressure<br \/>and limiting a crucial source of funding for Russia\u2019s illegal<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Canadian government saidon Friday it will join some of its closest allies in loweringthe price cap for Russian oil over its continued war in Ukraine,the country&#8217;s finance department said in a statement on Friday.Canada will lower the price cap for seaborne Russian-origincrude oil to $47.60 from $60 per barrel, the statement said.The price cap [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-32125","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - 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