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Reuters

Politics

By Dan Peleschuk and Herbert Villarraga

Russia retaliates on oil price cap as eastern Ukraine sees heavy fighting

Vladimir Putin Ukraine Russia Moscow Sergei Lavrov Clodagh Kilcoyne Bakhmut Kyiv

Ukrainian soldiers with the 43rd Heavy Artillery Brigade fire a projectile from a 2S7 Pion self propelled cannon, as Russia's attack on Ukraine continues, during intense shelling on the front line in Bakhmut, Ukraine, December 26, 2022. REUTERS/Clodagh Kilcoyne

Russia retaliated on Tuesday against a price cap on its oil imposed by Western countries, while its forces were involved in heavy fighting around the eastern Ukrainian city of Bakhmut.

Moscow will ban oil sales to countries that abide by the price cap that was imposed on Dec. 5, President Vladimir Putin decreed.

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