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The Independent UK
The Independent UK
National
Joe Middleton

Ukraine war: West’s Russian oil cap ‘weak,’ Zelensky says

Russia Oil Volodymyr Zelenksyy Ukraine G7 Kremlin Mikhail Ulyanov Olaf Scholz Vladimir Putin European Union
AFP via Getty Images

A price cap imposed on Russian oil by the G7 nations and Australia has been described as “weak” by Ukrainian president Volodymyr Zelensky.

The measure is aimed to reduce Russia’s income from selling oil, by capping the price at £48 ($60) a barrel. The EU is set to approve the cap after the G7 and Australia struck a deal on Friday.

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