BERLIN, Sept 2 (Reuters) – The Group of Seven (G7) finance ministers plan to implement a value cap on Russian-origin crude oil and petroleum merchandise, they confirmed in a joint assertion on Friday.

The preliminary value cap will probably be based mostly on vary of technical inputs and the worth degree will probably be revisited as essential, mentioned the ministers.

“We purpose to align implementation with the timeline of associated measures inside the EU´s sixth sanctions package deal,” they added.

(Reporting by Christian Kraemer, Writing by Miranda Murray Enhancing by Paul Carrel)

((Miranda.Murray@thomsonreuters.com;))

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