Russia has dismissed Ukraine’s suggestion to lower the price cap on Russian oil to $30 a barrel, stating that it would disrupt global energy markets and harm the U.S. economy. Despite calls for a lower cap, the current $60 limit imposed on Russian oil remains in place, with the United States imposing sanctions on tankers exceeding this price threshold. President Putin asserts that Russia’s economy has continued to grow amidst sanctions, highlighting the country’s resilience as the world’s second-largest oil exporter.
Russia Rejects Ukraine’s Proposal for $30 Oil Price Cap, Citing Global Market Concerns