“Russia’s ability to continue the war is tantamount to its ability to sell oil and bypass financial barriers,” Zelenskiy said in his nightly video address. “That is why it is necessary to restrict to the maximum the Russian tanker fleet, their technological capabilities for extraction and processing and do everything so that the price of Russian oil is lower than they can withstand.”
“Each of our partners knows what price cap is needed – $30, no higher. Such a price level will mean real pressure on Russia.”
EU countries will start debating the proposal this week.
(Reporting by Julia Payne and Milan Strahm; additional reporting by Gleb Bryanski in Moscow)