Reuters | | Posted by Singh Rahul Sunilkumar
The worth cap on Russian seaborne crude oil agreed to by the Group of Seven nations and Australia on Friday must be lowered to $30 per barrel to hit Russia’s financial system tougher, a senior Ukrainian presidential aide mentioned on Saturday.
“This was all the things that was proposed by the McFaul-Yermak group, however it could be essential to decrease it to $30 to destroy the enemy’s financial system faster,” Andriy Yermak, head of Ukraine’s presidential administration, wrote on Telegram referencing a global working group on sanctions.
ALSO READ: West cap on Russian oil worth unlikely to hit India’s imports
The G7 and Australia have agreed a $60 per barrel worth cap.