The price of russian oil should be $30-40/barrel, — Zelenskyy

The President of Ukraine Volodymyr Zelenskyy insists on limiting russian oil prices to the level of $30-40/barrel.

The price of russian oil must be limited so that the terrorist country does not use oil billions in the war against Ukraine. Zelenskyy said this at a press conference on the occasion of the founding summit of the Grain From Ukraine grain initiative, Ukrinform reports.

“I would like these sanctions on price caps – limiting the price of oil – to work not politically, but realistically. So that russia does not use these billions later. And we are talking about tens of billions. The limit under consideration today is around $65. I believe that it is artificial: russia will earn those tens of billions. We would like the sanctions to be effective and the limits to be at the level of $30-40, so that russia feels them,” the President noted.

He added that the possibility of introducing sanctions in the 9th EU package is currently being discussed. Ukrainian diplomats are doing everything they can to ensure that there is no break between the implementation of restrictions on russia, and they are also “pressing” the reduction of the maximum price for Russian oil.

The Prime Minister of Poland, Mateusz Morawiecki, also stated the need for a price limit for oil from russia. Otherwise, according to him, the economy of European states may experience a sharp decline, which will have a negative impact on Ukraine.

“We understand how much money russia receives for oil. That is why we will work with the G7 countries to ensure that the sanctions are effective and agreed upon by all partners,” Moravetskyi commented.

It will be recalled that the EU is currently discussing limiting the price of russian oil at the level of $65-70/barrel. The Baltic countries and Poland actively oppose such a decision, and propose to set the price at half the price.