Zelenskyy criticized the US$60 price cap on Russian oil: a weak position
President Volodymyr Zelenskyy spoke of the decision by the European Union and the G7 to cap the price of Russian oil at US$60 a barrel and called it "a weak position" and a way of taking a big decision.
Source: evening address of the president
Quote: "Now, unfortunately, the discussion on price caps, i.e. on limiting the export price of Russian oil, has ended in the world without big decisions. The decision to set such a limit on Russian prices, which is quite comfortable for the budget of the terrorist state, cannot be called a big decision.
Russia has already caused huge losses to all countries of the world by deliberately destabilizing the energy market, and the world does not dare decide on real energy disarmament. This is a weak position, and it's only a matter of time before you will have to use stronger tools. It is a pity that this time will be lost.
The logic is obvious. If the limit on the price of Russian oil is 60 dollars instead of, for example, 30 dollars, which was discussed, in particular, by Poland and the Baltic states, then the Russian budget will receive about 100 billion dollars a year. This money will be used not only for the war and not only for further sponsorship by Russia of other terrorist regimes and organizations. This money will also be used to further destabilize just those countries that are now trying to avoid serious decisions."
Background: On Saturday [3 December], the EU Council decided to set a price cap on oil and petroleum products originating or exported from Russia at US$60 dollars per barrel.
Earlier, an agreement had been reached between the 27 member states of the European Union, members of the Group of Seven and Australia (together the Price Cap Coalition) to introduce a cap on the price of oil supplied by sea from the Russian Federation, now set at US$60 per barrel.
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