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France 24

Politics

FRANCE 24

Russia will ‘not accept’ price cap on oil exports, Kremlin warns

Russia Bakhmut Britain Donetsk G7 Oil Australia Donetsk Oblast Economy Paris

File photo taken August 12, 2022 of the Vladimir Arsenyev tanker at the Kozmino terminal near the port city of Nakhodka, Russia. © Tatiana Meel, Reuters file photo

The Kremlin on Saturday said it would not accept a price cap on Russian oil agreed by the EU, G7 and Australia. The agreement caps Russian seaborne crude oil at $60 per barrel and is aimed at limiting Moscow’s funds for the Ukraine war. Read FRANCE 24's liveblog below to see how the day's events unfolded. All times are Paris time (GMT+1).

8:54pm: US defence secretary accuses Russia of 'deliberate cruelty' in Ukraine

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