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Zelenskiy's chief of staff: Price cap on Russian oil should be lowered to $30 a barrel

12/03/2022 | 02:56am EST
FILE PHOTO: Ukrainian President Volodymyr Zelenskiy sings the national anthem during a visit to Kherson

KYIV (Reuters) - The price cap on Russian seaborne crude oil agreed to by the Group of Seven nations and Australia on Friday should be lowered to $30 per barrel to hit Russia's economy harder, a senior Ukrainian presidential aide said on Saturday.

"This was everything that was proposed by the McFaul-Yermak group, but it would be necessary to lower it to $30 to destroy the enemy's economy quicker," Andriy Yermak, head of Ukraine's presidential administration, wrote on Telegram referencing an international working group on sanctions.

The G7 and Australia have agreed a $60 per barrel price cap.

(Reporting by Dan Peleschuk; Editing by Kirsten Donovan)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BRENT OIL -1.57% 86.05 Delayed Quote.1.71%
S&P GSCI CRUDE OIL INDEX -1.88% 436.6984 Real-time Quote.1.18%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 1.23% 70.627 Delayed Quote.-3.48%
WTI -2.02% 79.45 Delayed Quote.0.75%
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