It’s a Weak Position: Zelenskyi about Russian Oil Price Cap at 60 USD per Barrel

In his traditional daily address on December 3rd, President Volodymyr Zelenskyi commented on decision on Russian oil price cap at 60 USD per barrel.

"The discussion on price caps, i.e. on limiting the export price of Russian oil, has ended in the world. Unfortunately, without big decisions, as you wouldn't call it a big decision to set such a limit for Russian prices, which is quite comfortable for the budget of a terrorist state. Russia has already caused huge losses to all countries of the world by deliberately destabilizing the energy market. And the world cannot dare its real energy disarmament. It's a weak position", he said.

Zelenskyi emphasized that it was only a matter of time when stronger tools would have to be used anyway. It is a pity that this time will be lost.

"It is a pity that this time will be lost. The logic is obvious: if the price limit for Russian oil is $60 instead of, for example, $30, which Poland and the Baltic countries talked about, then the Russian budget will receive about a hundred billion dollars a year. This money will go not only to the war and not only to Russia's further sponsoring of other terrorist regimes and organizations. This money will also be used to further destabilize precisely those countries that are now trying to avoid big decision", the President summarzied.

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