Hitting Moscow again in the wallet. Russian oil price cap is due to come into force on Monday, December 5, to restrict Russia’s revenues, while ensuring that it continues to supply the world market. Friday, thehe 27 EU countries, the G7 and Australia had agreed to cap the price of a barrel of crude oil of Russian origin transported by sea at 60 dollars. Follow our live.
A price level that should encourage Moscow to continue producing. The mechanism adopted provides that only oil sold at a price equal to or less than 60 dollars per barrel can continue to be delivered. Beyond that, companies based in the EU, G7 countries and Australia will be prohibited from providing services allowing maritime transport. The West has set a price level well above the current cost of oil production in Russia, so that Moscow has an incentive to continue pumping crude.
“Eight regions” still without electricity. More than 500 Ukrainian cities were still without electricity on Sundayfollowing Russian strikes that have extensively damaged the national power grid in recent weeks. “Eight regions of our country are cut off from the electricity supply”First Deputy Interior Minister Yevgeniy Yenin told Ukrainian television.
“No diplomatic solution with Putin”. “I am absolutely convinced that there is no diplomatic solution with the Putin regime, as long as it is still there”said Sunday Irina Chtcherbakova, co-founder of the Russian human rights NGO Memorial (disbanded by the Russian authorities) and winner of the Nobel Peace Prize 2022.