‘A Weak Position’ — Zelensky Slams Russian Oil Cap Implemented By Western Allies

Zelensky has slammed £48 per barrel price cap implemented by western allies on Russian oil.

EKO HOT BLOG reports that Ukrainian President, Volodymyr Zelensky has said that the £48 per barrel price cap on seaborne Russian crude oil is “weak”.

The move by allies is an attempt to prevent countries from paying over £48 per barrel for Russian oil and adds pressure on Russia from the West over its invasion of Ukraine.

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Despite the move from the West which aimed to help Ukraine, President Zelensky said it was “a weak position” and not severe or “seriousness” enough to truly damage the Russian economy.

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In his nightly video address, Zelensky said: “Russia has already caused huge losses to all countries of the world by deliberately destabilising the energy market.”

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