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Russia-Ukraine war at a glance: what we know on day 284 of the invasion - The Guardian

Russia-Ukraine war at a glance: what we know on day 284 of the invasion - The Guardian

Russia-Ukraine war at a glance: what we know on day 284 of the invasion - The Guardian
Dec 04, 2022 37 secs

The Kremlin says Russia ‘will not accept’ a price cap on its oil after EU members agree on one, while president Volodymyr Zelenskiy says the cap will do little to deter Russia.

Russia “will not accept” a price cap on its oil and is analysing how to respond, the Kremlin said in comments reported on Saturday, in response to a deal by western powers aimed at limiting a key source of funding for its war in Ukraine.

President Volodymyr Zelenskiy said the $60 price cap on seaborne Russian oil is not serious and will do little to deter Russia from waging war in Ukraine.

“The price cap will immediately cut into (President Vladimir) Putin’s most important source of revenue,” Yellen said in a statement.

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