Russian authorities rejected the country’s oil price imposed by Ukraine’s Western supporters and threatened on Saturday to stop supplying the countries with approval.
Australia, Britain, Canada, Japan, the United States and the 27-nation European Union agreed on Friday to pay for Russian oil at US$60 per barrel. The restriction will come into force on Monday, along with the EU ban on Russian oil exports by sea.” The spokesman for the Kremlin, Dmitry Peskov, said that Russia needs to analyze the situation before deciding on a specific response, but will not allow the price to increase.
The permanent representative of Russia in international organizations in Vienna, Mikhail Ulyanov, warned that the supporters of the European cap will reach their decision. “From this year, Europe will live without Russian oil,” Ulyanov said on Twitter. “Moscow has made it clear that it will not supply oil to those countries that support the drop in market prices. Wait, soon the EU will accuse Russia of using oil as a weapon.”
EU countries say The office of the President of Ukraine Volodymyr Zelenskyy, meanwhile , called for a low price Saturday, saying that the one adopted by the EU and the Group of Seven leading economies did not go far enough. Andriy Yermak, the head of Zelenskyy’s office, wrote in Telegram, expressing a position that is also popular with Poland _ a leading critic of Russian President Vladimir Putin’s war in Ukraine.
able to deal with Russian crude if the oil price is low or below the cap. Many insurers are located in the EU and the United Kingdom and may need to look at the roof. 4:05 Zelenskyy criticizes Russia’s ‘terror approach’ after missile attack in Ukraine: UN Security Council Russian crude is already selling for around US$60 a barrel, a deep discount to the Brent international benchmark, which closed on Friday at US$85.42 a barrel.
Story continues below advertisement Russia’s ambassador to Washington insisted that Russian oil “will continue to be in demand” and criticized the price cap as “reshaping the fundamental principles of the functioning of free markets.” A post on the embassy’s Telegram channel predicted that the per-barrel cap would lead to “broad increases in uncertainty and higher costs for consumers of raw materials.”
Trending Now Trudeau says assisted dying veterans ‘unacceptable’ as Mount Passenger cases die after ‘powerful’ tidal wave hits Antarctic cruise ship Trending Now Trudeau says helping veterans ‘unacceptable’ as Mount Hammer cases falling for Kanye West after a compliment. Hitler, writing swastika “What’s happening in China will help the price have some teeth,” said Jim Burkhard, an oil market analyst at IHS Markit.
He said the decrease in demand from China means that most of Russia’s exports are now selling for less than US$60. The devaluation aims to stabilize Russia’s economy and increase its ability to finance a war that has killed an untold number of people and fighters. millions of Ukrainians left their homes and weighed on the global economy for more than nine months.
The General Staff of the Armed Forces of Ukraine reported that since Friday the Russian military has fired five missiles, attacked 27 aircraft and attacked 44 bombs against Ukrainian military positions and civilian infrastructure. The office said the attack killed one citizen and wounded four in eastern Ukraine’s Donetsk region.
According to the UK Ministry of Defence, Russian forces “continue to invest the bulk of their military and explosive efforts” around the small Donetsk city of Bakhmut, which they have spent weeks trying to capture. Story continues below advertisement In southern Ukraine’s Kherson province, whose capital of the same name was liberated by Ukrainian forces three weeks ago following Russia’s withdrawal, Gov. Yaroslav Yanushkevich said the evacuation of civilians stuck in Russian-held territory across the Dnieper River will resume shortly.
Yanushkevich said the ban on crossing the waterway will be lifted during the day for three days for Ukrainian citizens who “don’t have time to leave their temporary residence.” His announcement revealed “the potential for conflict in this area.” Kherson is one of four regions Putin seized illegally in September and vowed to defend as Russian territory. From their new positions, Russian troops have been besieging the city of Kherson and nearby infrastructure in recent days, leaving many residents without power.
Running water remains unavailable in a large part of the city. 2:21 Putin uses winter as a weapon against Ukraine: NATO’s Stoltenberg Other regions linked to violations of international law are Donetsk, Luhansk and Zaporizhzhia. Story continues below advertisement Ukrainian authorities also reported heavy fighting in Luhansk and Russian shelling in northeastern Ukraine’s Kharkiv region, where Russian troops had largely withdrawn in September.
The district said about 500 apartments were damaged beyond repair, and about 220 schools and kindergartens were damaged or destroyed. He estimated the cost of the damage at $9 billion. Russian Defense Minister Sergei Shoigu met on Saturday in Minsk with the president and defense minister of Belarus, which is in charge of Russia’s military and armaments.
Belarus has said its forces are not participating in the war, but Ukrainian officials have always expressed concern that they could be lured to cross the border into northern Ukraine.” The President of Belarus, Alexander Lukashenko, said at the meeting that his soldiers and Russian soldiers are training to coordinate. “We are preparing as one team, one army. Everyone knows. We weren’t hiding it,” he was quoted as saying by the Interfax news agency._Inna Varenytsia in Kherson, Ukraine, and Frank Bajak in Boston contributed to this report. & @ 2022 The Associated Press
