Oil Price Cap Is Hitting Russian Revenue Hard, US Treasury Says.

(Bloomberg) -- A Group of Seven cap on the price of Russian oil is successfully choking off the nation's access to petrodollars, the US Treasury Department said, a day after Moscow acknowledged "problems" with government revenue. Russian Finance Minister Anton Siluanov said Wednesday that the country's oil and gas revenue is falling behind target so far this year, citing discounts on Russian export crude and the general market situation. [Extracted from the article]