Ukraine urges lower price cap for Russian oil
The price cap on Russian oil approved by the world’s largest economies should be lowered to USD 30 per barrel to hit Russia harder, a senior Ukrainian presidential aide has said.
Pixabay LicenseImage by Carlos Rivadeneira from Pixabay
The European Union, the G7 group of the world’s wealthiest nations and Australia on Friday agreed to introduce a USD 60 per barrel price cap, news agencies reported.
Andriy Yermak, chief of staff to Ukrainian President Volodymyr Zelensky said on the Telegram messaging service on Saturday that „it would be necessary to lower” the cap to USD 30 „to destroy the enemy’s economy quicker,” according to the Reuters news agency.
The G7 and Australia said in a joint statement that the cap would take
effect on Monday „or shortly thereafter.”
The EU, meanwhile, is expected to formally approve the cap
over the weekend after member states resolved their
differences and overcame initial resistance from Poland, Reuters reported.
(gs)
Source: IAR, PAP, Reuters, ukrinform.net
