Ukraine Says Oil-Price Cap Won’t Dent Russia’s Ability to Fund War

KYIV, Ukraine—Ukraine condemns the price ceiling on Russian oil that the United States and its allies have agreed to as a “weak” measure that will not deprive the Russian military apparatus of funds, because Moscow said it might stop offering it to consumers in response.

The G7 group agreed on Friday to limit the price of Russian oil to $60 a barrel, moving toward an unprecedented sanction against one of the world’s biggest producers in the wake of its invasion of Ukraine.

https://www.wsj.com/articles/ukraine-says-oil-price-cap-wont-dent-russias-ability-to-fund-war-11670152525 Ukraine Says Oil-Price Cap Won’t Dent Russia’s Ability to Fund War

Edmund DeMarche

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