France’s Macron says he backs the idea of capping Russian oil prices

 

France’s President Emmanuel Macron told CNBC that he is in favor of capping Russian oil prices and that technical work will begin on finding a mechanism to do so.

“This mechanism does not exist as such so this is only the beginning of the discussion [but] I’m in favor of this. I think it’s a very good idea,” he told CNBC’s Steve Sedgwick at a press conference following the conclusion of the Group of Seven’s meeting in Germany.