Members of the G7 group of leading economies have agreed to impose a price cap on Russian oil, as they seek to dent Moscow's ability to finance its war in Ukraine. The cap, on crude oil and petroleum products, is also intended to curb soaring world energy prices, the group's finance ministers said.

Ten years after the financial crisis, Europe's economy achieved a recovery, but not a revival. Low inflation, low interest rates and low growth were the new normal across the continent. Then, the coronavirus pandemic hit, causing incredible damage to the economies of numerous countries.

www.ukipmeps.org | Join UKIP: ukip.datawareonline.co.uk/JoinOnline.aspx?type=1 * European Parliament, Strasbourg, 21 May 2013 * Speaker: Godfrey Bloom MEP, UKIP (Yorkshire & Lincolnshire), Europe of Freedom and Democracy (EFD) group - www.godfreybloommep.co.uk * Joint Debate: Banking union - single supervisory mechanism 1.