Breaking News
Investing Pro 0
🚨 Our Pro Data Reveals the True Winner of Earnings Season Access Data

Russia's war on Ukraine latest news: Russia "will not accept" oil price cap

Global Dec 04, 2022 02:43
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
5/5 © Reuters. U.S. President Joe Biden speaks to France's President Emmanuel Macron while they make a toast, as the Bidens host the Macrons for a State Dinner at the White House, in Washington, U.S., December 1, 2022. REUTERS/Evelyn Hockstein 2/5

(Reuters) - Russia is analysing how to respond to a price cap on its oil, the Kremlin said in comments reported on Saturday, after a deal reached by Western powers that aims to limit a key source of funding for its war in Ukraine.

DIPLOMACY/OIL

* The Group of Seven and Australia agreed a $60 per barrel price cap on Russian seaborne crude oil after European Union members overcame resistance from Poland and hammered out an agreement.

* Moscow "will not accept this cap," RIA news agency quoted Kremlin spokesman Dmitry Peskov as saying. He added that Russia would conduct a rapid analysis of the agreement, then respond.

* Russia said it would continue to find buyers for its oil, despite what it said was a "dangerous" attempt by Western governments to introduce a price cap on its oil exports.

* Sweden extradited a Kurdish man with alleged links to terrorism to Turkey as Ankara keeps up pressure on the Nordic country to meet its demands in return for NATO membership, Turkish state news agency Anadolu reported.

* Russian Defence Minister Sergei Shoigu held talks with his Belarusian counterpart Viktor Khrenin, the state-run Belta news agency said. Belarus has said it will not enter the war in Ukraine, but President Alexander Lukashenko has in the past ordered troops to deploy with Russian forces near the Ukrainian border, citing threats to Belarus from Kyiv and the West.

FIGHTING

* Officials in the southern Ukrainian region of Kherson announced they would help citizens evacuate from parts of Russian-occupied territory on the east bank of the Dnipro River amid fears of intensified fighting.

* Russia is likely planning to encircle the Donetsk Oblast town of Bakhmut with tactical advances to the north and south, Britain's defence ministry said on Saturday.

* A group sliced a Banksy mural off a battle-scarred wall in Ukraine, but the people were spotted and the image of a woman in a gas mask and dressing gown holding a fire extinguisher was under police protection, the governor of Kyiv region said.

Russia's war on Ukraine latest news: Russia "will not accept" oil price cap
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email