2021–2022 global energy crisis The US$60-per-barrel price ceiling on Russian seaborne oil imposed by Australia, the European Union, and the G7 comes into force. G7 price cap on Russian oil kicks in, Russia will only sell at market price © Reuters Sources: Reuters
/cloudfront-us-east-2.images.arcpublishing.com/reuters/5JC54N622FJ2PFTMADB7RLEZCE.jpg "G7 price cap on Russian oil kicks in, Russia will only sell at market price © Reuters")