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Ukraine Pushes G7 to Cut Russia’s Oil Cap to $30 as Revenues Tank ...Middle East
Ukraine is urging the G7 to slash the price cap on Russian oil to $30 per barrel, down from the current $60, in a bid to tighten the financial screws on the Kremlin as its war drags into a third year. Foreign Minister Andriy Sybiha made the case in Brussels on Tuesday, saying the current cap is too lenient now that global prices have slipped and Russian barrels are already trading below the ceiling. “From our point of view,” he said plainly, “the reasonable price cap is 30 dollars.” The ask comes just as the EU and UK rolled…
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