A video depicts the European Parliament celebrating the G7 decision to impose a price cap on Russian oil.
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A video purporting to show the European Parliament recently celebrating is circulating on social media.
The parliament was reportedly celebrating the G7's decision to set a price cap on Russian oil, according to users who shared the claim.
Misbar investigated the circulating claim and found it to be misleading.
The video is old and unrelated to the G7's oil price cap decision.
Bella Ciao Live at Council of Europe Strasbourg
The video currently circulating with a misleading claim was first released on November 10, 2021. It originally shows the Dubioza Kolektiv, a Bosnian avant-garde dub rock band, performing at the World Forum of Democracy at the Council of Europe in Strasbourg.
According to the Council of Europe's official website, Dubioza Kolektiv was a part of the World Forum for Democracy 2021 artistic program.
G7 to Cap Russian Oil Prices
On September 2, 2022, the G7 Finance Ministers released a joint statement in response to Russia's aggression against Ukraine.
The G7 countries have decided to impose a price cap on Russian oil in an attempt to constrain Russia's ability to support its war in Ukraine without further fueling global inflation.
According to the G7 official statement, the initial price cap will be set at a value evaluated by the full coalition prior to implementation in each jurisdiction.
Countries that agree to a price cap on Russian oil are only allowed to purchase oil and petroleum products shipped by sea at or below the cap.
Russia Threatens Oil Exports
On September 1, 2022, Russian news agencies revealed that Russia will halt supplying petroleum and oil products to countries that impose a price cap on Russian oil.