Zelensky urges G7 to slash Russian oil price cap to $30 per barrel

His remarks were made on the sidelines of the G7 Summit in Canada and published on the President’s official Telegram channel, according to Ukrinform.

“I urge you to work with the United States to enforce a strict price cap on Russian oil. Right now, the proposed cap is $45 per barrel, but many experts agree that a truly effective level is $30. Together, we must make this painful for Russia. The EU’s 18th sanctions package must also hit Russian energy and banks,” the message reads.

As reported, President Zelensky arrived in Kananaskis, Canada, to take part in the G7 Summit.