Ukraine's Zelenskiy calls for lower oil price cap

Ukraine's Zelenskiy calls for lower oil price cap

Ukrainian President Volodymyr Zelenskiy called for the European Union to set a lower oil price cap for Russian oil than the $65 per barrel proposed by the EU's executive arm.

Half of the Ukrainian capital's residents remain without power due to Russian missiles strikes, according to Kyiv mayor Vitali Klitschko, as he warned of continuing limits on electricity consumption.

Russian President Vladimir Putin is due to meet with wives and mothers of mobilized and volunteer soldiers serving in Ukraine, as the Kremlin faces growing pressure to improve their treatment after his invasion reached the nine-month mark.

Seven people died and 21 were injured in Russian shelling of the liberated southern city of Kherson on Thursday evening, regional governor Yaroslav Yanushevych said on Telegram. Russian forces also struck Zaporizhzhia's suburbs, according to local authorities. Ukrainian troops repelled assaults near 11 settlements in the Donetsk and Luhansk regions of the east over the past day, Ukraine's General Staff reported in a regular update.

Zelenskiy calls for Russian Oil Cap at $30 a barrel 10 a.m. Zelenskiy said levels of $60 or $70 per barrel for Russian crude sounded more like concessions, as European diplomats are locked in negotiations over how strict a price cap on Russian oil should be.

The Ukrainian president said in a video speech to an international conference in Kaunas, Lithuania, that they are very grateful to our Baltic colleagues, Polish colleagues. Their proposals are quite reasonable to set this cap at $30 per barrel. During the second high-profile British government visit in a week, UK Foreign Secretary James Cleverly met Ukraine's president.

The prime minister Rishi Sunak visited Kyiv on Saturday with the UK promising to provide air defense equipment worth 50 million $60 million Half of the Kyiv residents Remain Without Power 8: 49 a.m. Half of the city s residents have no electricity, but central heating has already been provided to about one-third of the city's buildings, Mayor Klitschko said on Telegram.

He said all users in Kyiv should have electricity supplied to them for three hours on Friday.

The second largest city in Ukraine has been fully restored, regional governor Oleh Syniehubov said on Telegram. Nearly 100,000 people in the Kharkiv region are without power, he said.

Russian forces attacked areas in the region with artillery and S-300 missiles, the governor said.

Russian Oil Cap Poses Little Downside to Kremlin: FGE 7: 57 a.m. A cap on Russian crude at $65-70 per barrel would pose little downside to current realized prices and could even lead to a $3-4 upside to Urals, according to industry consultant FGE. A price cap in that range would do little harm to Russia's oil exports, the FGE analysts said.

Zelenskiy said in an evening address that 15 regions are experiencing problems with water supply, as the provision of power is difficult across the nation. The Ukrainian leader met with key security officials to discuss how to maintain communications in the country.

Zelenskiy said he was getting regular reports about Russian forces shelling Kherson after they pulled out.

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