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The Latest Breaking News from G7

Monday briefing: Can curbing Russian oil profits help end the war on Ukraine?

In today’s newsletter: A plan to cap the price of Russian crude oil could slow down the war – if only Europe and others could find a consensus

The Guardian - UK

Ukraine says it has shot down 60 of over 70 missiles launched after explosions at two Russian airbases – as it happened

No reports of missile impacts in Kyiv but two killed in Zaporizhzhia and Odesa hit hard after Russian strike follows blasts at Russian airfields

The Guardian - AU

Oil prices rise again after G7 group agreement targets Russia

Only Russian oil bought for less than $60 (£49) a barrel will be allowed to be shipped using G7 and EU tankers

Wales Online

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OPEC+ to keep output unchanged in uncertain climate

Vienna (AFP) - Major oil-producing countries led by Saudi Arabia and Russia agreed Sunday to maintain their current output levels in a climate of uncertainty and ahead of fresh sanctions against Moscow coming into force next week.

AFP

OPEC+ agrees to keep output levels unchanged

AFP

OPEC+ likely to maintain oil output levels

Vienna (AFP) - Major oil-producing countries led by Saudi Arabia and Russia look set to maintain their current output levels at a meeting Sunday, ahead of fresh sanctions against Moscow coming into force.

AFP

Public support in Russia for military campaign ‘falling significantly’, says UK – as it happened

British ministry of defence says it obtained official confidential survey that shows only 25% of Russians want war to go on

The Guardian - AU

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OPEC+ agrees to maintain current output levels amid uncertainty

The Saudi-led OPEC oil cartel and allied producers including Russia did not change their targets for shipping oil to the global economy amid uncertainty about the impact of new Western sanctions against Russia that could take significant amounts of oil off the market. Follow our blog to see how the…

France 24

Opec+ likely to maintain oil output levels

AFP

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

The measure is aimed to reduce Russia’s income from selling oil

The Independent UK

Russia rejects $60 oil price cap, warns of response

Ukraine’s Western allies approve oil price cap to starve Russia of revenues as Kyiv pushes for a lower cap of $30.

Al Jazeera

Russia denounces oil price cap agreed by EU, G7

Kyiv (Ukraine) (AFP) - Russia on Saturday denounced a $60 price cap on its oil agreed by the EU, G7 and Australia, even as Ukraine suggested it was not tough enough and might have to be revisited.

AFP

Russia rejects oil price cap agreed by EU, G7

Kyiv (Ukraine) (AFP) - Russia on Saturday rejected a $60 price cap on its oil agreed by the EU, G7 and Australia, which Ukraine said would contribute to the destruction of Russia's economy.

AFP

Russia: Price Cap is 'Dangerous' and Will Not Curb Demand for Our Oil

Russia said on Saturday it would continue to find buyers for its oil, despite what it said was a "dangerous" attempt by Western governments to introduce a price cap on its oil exports. A coalition of Western countries led by the G7 group of nations agreed on Friday to cap…

Asharq Al-Awsat

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AFP

Ukraine welcomes Russian oil price cap agreed by EU, G7

Kyiv (Ukraine) (AFP) - Ukraine on Saturday welcomed a $60 price cap on Russian oil agreed by the EU, G7 and Australia, saying it would "destroy" Russia's economy.

Evening Standard

UK and allies announce cap on Russian oil ‘to clamp down on Putin’s funding streams’

The cap is designed to curb Russia’s revenues from oil without halting significant volumes of exports, which could lead to supply shortages and push up prices globally

France 24

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

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…

The Independent UK

G7 and allies approve Russian oil price cap to ‘slow war machine’

The £48 per barrel price cap will come into effect in early December, but Ukraine says it’s not low enough

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Asharq Al-Awsat

G7 Coalition Agrees $60 Per Barrel Price Cap for Russian Oil

The Group of Seven (G7) nations and Australia on Friday said they had agreed a $60 per barrel price cap on Russian seaborne crude oil after European Union members overcame resistance from Poland and hammered out a political agreement earlier in the day. The EU agreed the price after holdout…

The Guardian - AU

Russia-Ukraine war live: Kyiv says ‘sick’ packages sent to its embassies following letter bomb in Madrid – as it happened

Ukraine’s foreign minister says 17 diplomatic missions have now received suspicious packages

AAP

Chalmers hopeful of Russian oil cap impact

The G7 and Australia have agreed to a $US60 a barrel cap on Russian oil, following the European Union's decision on the same move.

AFP

G7, EU agree oil price cap to reduce Russia war funding

Brussels (AFP) - The G7 and EU on Friday agreed a $60-per-barrel price cap on Russian oil in an attempt to deny the Kremlin of war resources, as President Vladimir Putin said more strikes on Ukrainian infrastructure were "inevitable".

AFP

EU strikes oil price cap deal to starve Russia war machine of funds

Kyiv (Ukraine) (AFP) - The EU on Friday joined the G7 in agreeing a cap on the price of Russian oil to starve the Kremlin of resources for its Ukraine war, as President Vladimir Putin said strikes on Ukrainian infrastructure were "inevitable".

Al Jazeera

EU, G7, Australia to cap price on Russian oil at $60 per barrel

Price cap aims to reduce Russia’s ability to finance its war in Ukraine from selling crude oil internationally.

Reuters

G7 coalition agrees $60 per barrel price cap for Russian oil

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