Russia Ukraine conflict

Zelenskyy’s chief of staff: Price cap on Russian oil should be cut to $30 a barrel

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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.

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

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