9:18 am: Russian oil price cap should be lowered to $30, says Volodymyr Zelensky's chief of staff
The price cap for Russian crude oil at $60 agreed on Friday by EU countries – then by the G7 and Australia – should be lowered to $30 a barrel to hit the Russian economy harder, a senior official said. senior collaborator of the Ukrainian presidency.
"This is all that was offered by the McFaul-Yermak group, but it would be necessary to lower it to 30 dollars to destroy the economy of the enemy more quickly", wrote on Telegram Andriy Yermak, head of Ukrainian presidential administration, referring to an international sanctions task force.
8:51 a.m.: Russia likely planning to encircle Bakhmut city, UK defense minister says
Russia is likely planning to encircle Bakhmut in the Donetsk region by making tactical advances to the north and south, the British Ministry of Defense said.
Capturing the city would have limited operational value but it has the potential to allow Russia to threaten Kramatorsk and Sloviansk, the ministry added in a daily intelligence update.
"There is a realistic possibility that the capture of Bakhmout has become primarily a symbolic and political objective for Russia," he also said on Twitter.
Latest Defense Intelligence update on the situation in Ukraine - 03 December 2022
Find out more about the UK government's response: https://t.co/Agl34uAcBo
🇺🇦 #StandWithUkraine 🇺🇦 pic.twitter.com/5Zv0s649gC
— Ministry of Defense 🇬🇧 (@DefenceHQ) December 3, 2022
With AFP and Reuters
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