Moscow refuses to set a ceiling for the price of its oil, and Kiev expects the collapse of Russia's economy

Russia confirmed on Saturday that it would "not accept" setting a ceiling on the price of its oil following the agreement of the European Union, the Group of Seven and Australia on a mechanism that might limit Moscow's imports to finance its attack in Ukraine, while Kyiv expected that this decision would "destroy" the Russian economy.

"We will not accept this ceiling," Russian presidential spokesman Dmitry Peskov told reporters.

He confirmed that Moscow had "prepared" for such a matter, without adding any details.


For his part, the director of the Ukrainian presidential office, Andriy Yermak, said on the Telegram application that with this decision, "we are still achieving our goal, and Russia's economy will be destroyed, and it will pay the price and bear responsibility for all its crimes."


On the other hand, the Ukrainian authorities called on the civilian population to "resist" in the face of the frequent daily power outages following the Russian strikes, which have severely damaged the national electricity grid in recent weeks.

On Friday, the 27 member states of the European Union, the Group of Seven nations and Australia agreed to cap the price of Russian oil at $60 a barrel, according to a joint statement.

In the first official reaction from Kyiv, Yermak stated that "it should have been lowered (the price ceiling) to $30 in order to destroy (the Russian economy) faster."

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