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Germany Open to Discuss Russian Oil Price Cap, Scholz Aide Says

June 22, 2022, 4:15 PM

Germany would support having an international debate about imposing price caps on Russian oil imports, according to Joerg Kukies, Chancellor Olaf Scholz’s top economic aide.

“We are open to having this discussion on the international level and can definitely foresee this making sense if it’s implemented,” he said Wednesday at Bloomberg’s Future of Finance event in Frankfurt.

Joerg Kukies
Photographer: Giulio Napolitano/Bloomberg

A key question, Kukies said, is whether the rest of the world will agree to it and participate. In light of the European Union’s own decision to halt Russian oil imports after the end of this year, the issue of ...