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Oil price cap could strike Russia’s war chest — if enforced

U.S. President Joe Biden, front fourth right, waves as he poses with G7 leaders and Outreach guests for an official group photo at Castle Elmau in Kruen, near Garmisch-Partenkirchen, Germany, on Monday, June 27, 2022. The Group of Seven leading economic powers are meeting in Germany for their annual gathering Sunday through Tuesday. (AP Photo/Markus Schreiber) Charles Michel, President of the EU Council, right, speaks with Cyril Ramaphosa, President of South Africa, left, during the G7 leaders summit at Castle Elmau in Kruen, near Garmisch-Partenkirchen, Germany, Monday, June 27, 2022. The Group of Seven leading economic powers are meeting in Germany for their annual gathering Sunday through Tuesday. (Michael Kappeler/Pool via AP) Members of the G7 from left, Prime Minister of Italy Mario Draghi, European Commission President Ursula von der Leyen, President Joe Biden, German Chancellor Olaf Scholz, British Prime Minister Boris Johnson, Canadian Prime Minister Justin Trudeau, Prime Minister of Japan Fumio Kishida, French President Emmanuel Macron and European Council President Charles Michel stand for a photo at Schloss Elmau following their dinner at G7 Summit in Elmau, Germany, Sunday, June 26, 2022. The bench behind them became famous when former German Chancellor Angela Merkel and former President Barack Obama were photographed talking by it. (AP Photo/Susan Walsh)