Zelenskyy slams EU price cap on Russian oil as ‘weak’

Ukrainian President Volodymyr Zelensky said decision The imposition of a $60 price cap on Russian marine oil cannot be called “a serious decision” as this level is “quite comfortable” for Russia’s budget.

The European Union agreed on Friday to cap Russian oil prices at $60 a barrel, after days of debate over how hard to hit Russian President Vladimir Putin’s oil revenues. The cap was joined by the G7 countries and Australia.

“This is a vulnerable position,” Zelensky said in his night address on Saturday.

The Ukrainian leader said it was only a matter of time before stronger measures would need to be used against Moscow. “It is a pity that time will be lost,” he said.

Zelensky said that Russia has already caused “immense damage” internationally by deliberately destabilizing the global energy market. But the world still cannot dare to venture “Real Energy Disarmament” Of the Kremlin, he said.

Zelensky said that with a price ceiling for Russian oil at the level of $60 instead of $30, which was proposed by Poland and the Baltic states, the Russian budget would receive about $100 billion per year.

Zelensky believes that this money “will be sent not only to war and not only to Russia’s further sponsoring of other terrorist regimes and organizations. This money will also be used to further destabilize countries that Trying to avoid making big decisions now

The head of Ukraine’s presidential office, Andrey Ermak, wrote on social media on Saturday morning that a special task force on Russian sanctions also proposed a $30 cap, The working group is co-chaired by Yermak and former US National Security Advisor Michael McFaul.

Under Friday’s agreement, Western countries will ban insurance and shipping companies from offering their services to Russian oil shipments if the oil is sold above a price cap. The ban applies to all EU vessels, whether EU-flagged, or owned, chartered or operated by an EU company.