Russian authorities rejected a price cap on the country’s oil set by Ukraine’s Western supporters and threatened Saturday to stop supplying the nations that endorsed it.
KYIV, Ukraine —
The of f ice of Ukrainian President Volodymyr Zelenskyy, meanwhile, called Saturday for a lower price cap, saying the one adopted by the EU and the Group of Seven leading economies didn’t go far enough. “What happens in China will help shape whether the price cap has any teeth,” said Jim Burkhard, an oil markets analyst with IHS Markit. He said dampened demand from China means most Russian crude exports are already selling below $60.
In southern Ukraine’s Kherson province, whose capital city of the same name was liberated by Ukrainian forces three weeks ago following a Russian retreat, Gov. Yaroslav Yanushkevich said evacuations of civilians stuck in Russian-held territory across the Dnieper River would resume temporarily. Russian forces pulled back to the river’s eastern bank last month.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Modernization of agri-fishery in Western Visayas pushedThe newly installed regional director of the Department of Agriculture (DA) in Western Visayas is pushing for the modernization of the agriculture and fishery sectors in the region.
Read more »
UK crime agency arrests ‘wealthy Russian’ over money laundering - BusinessWorld OnlineLONDON — Britain’s National Crime Agency (NCA) said on Saturday it had arrested a “wealthy Russian businessman” on suspicion of money laundering and other offenses as part of a crackdown on corrupt oligarchs.
Read more »
Love behind bars: the Russian imprisoned poet and his fianceeMany families have been torn apart and separated by Putin’s decision to send troops to Ukraine. Thousands are grieving loved ones, others are painfully separated by military mobilization or forced exile. | AFP
Read more »
OPEC+ keeps steady policy amid weakening economy, Russian oil capThe decision comes two days after the Group of Seven nations agreed a price cap on Russian oil
Read more »
China’s Xi unwilling to accept vaccines despite threat from protests — US intelWASHINGTON — Chinese leader Xi Jinping is unwilling to accept Western vaccines despite the challenges China is facing with COVID-19, and while recent protests there are not a threat to Communist
Read more »
Concern rises as new Turkish media law squeezes dissentMSOpinion Concern rises as new Turkish media law squeezes dissent “In October, nine journalists were remanded in custody accused of alleged ties to the PKK, which Ankara and its Western allies blacklist as a terror group.” READ:
Read more »