View Original Article

Ukrainian foreign minister wants G7 price cap on Russian oil lowered to $30 per barrel

May 20, 2025 6:30 AM
Reuters


Ukrainian Foreign Minister Andriy Sybiha called on Tuesday for the Group of Seven advanced economies to reduce its price cap on Russian seaborne oil to $30 per barrel.

The current G7 price cap is $60 per barrel.

“The oil price cap, from our point of view, our position, (the) reasonable price cap (is) 30 dollars,” Sybiha, who was speaking in English, told reporters in Brussels.

(Reporting by Max Hunder, Writing by Timothy Heritage)

Sign up for the BOE Report Daily Digest E-mail Return to Home