The price cap on Russian oil should be reduced to $30 a barrel

The price cap on Russian oil should be reduced to $30 a barrel

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A senior aide to Ukraine’s president said on Saturday that the price of Russian maritime crude should be slashed to $30 a barrel by the Group of Seven countries and Australia on Friday to hit Russia’s economy hard.

“It was everything that was proposed by the McFall-Yermak group, but it would be necessary to reduce it to $30 in order to rapidly destroy the enemy’s economy,” Andrey Yermak, head of Ukraine’s presidential administration, said in a telegram. Wrote with reference to the International Working Group. Sanctions.

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