Japanese officials stated that the G7 is discussing the issue of a price cap on Russian oil.

A senior official from Japan's Ministry of Finance indicated that the G7's financial authorities are discussing how to handle the price cap on Russian oil at a working level. The official mentioned that, given the significant drop in oil prices, it is naturally worth considering whether the price cap of $60 per barrel is still meaningful. Most importantly, the G7 and other parties should remain unified on this issue; discussions will continue while paying attention to market trends.