Russia calls $60 oil price cap ‘dangerous’ | Sunday Observer

Russia calls $60 oil price cap ‘dangerous’

4 December, 2022

Russia has said it will continue to find buyers for its oil despite “dangerous” price caps after G7 nations, Australia and the European Union agreed to cap the price of Russian seaborne oil at $60 a barrel.

The price cap should be $30 per barrel “to destroy the enemy’s economy quicker”, a senior Ukraine official said.

· Officials in the southern region of Kherson announced they would help citizens evacuate from parts of Russian-occupied territory on the east bank of the Dnieper river during intensified fighting.

· Russia is likely planning to encircle the eastern Donetsk region’s town of Bakhmut with tactical advances to the north and south, Britain’s defence ministry said.

- Al Jazeera