January 30, 2023

Russia renews its missile attacks as the Group of Seven begins to put pressure on Russia over Ukraine by setting a ceiling for oil prices

Russia renews its missile attacks as the Group of Seven begins to put pressure on Russia over Ukraine by setting a ceiling for oil prices

  • Voice weather alerts across Ukraine
  • Russia has been hitting Ukraine’s infrastructure since October
  • The price cap of $60 for Russian oil comes into force

Kyiv (Reuters) – Russia launched a new round of missile attacks on Monday, Ukraine said, as the West tried to limit Moscow’s ability to finance its invasion by capping the price of Russian seaborne oil.

Weather warnings were issued across Ukraine and officials urged civilians to take cover in what they said was the latest in waves of Russian missile strikes since the Feb. 24 invasion.

“Missiles have already been fired,” said Air Force spokesman Yuri Ahnat. There was no immediate word on damage or injuries, but Ukrainian media quoted officials as saying that explosions could be heard in some areas as the auxiliary defense systems started working.

Russian forces have increasingly targeted Ukrainian energy facilities in recent weeks as they encounter setbacks on the battlefield, causing blackouts as winter approaches.

“Don’t ignore the ultimatum,” said Andriy Yermak, Ukraine’s chief of staff.

Ukraine had just returned to the blackouts scheduled from Monday instead of the emergency blackouts it has suffered since large-scale Russian strikes on November 23, the worst of the attacks on energy infrastructure that began in early October.

Russia said the attacks were aimed at weakening Ukraine’s military. Ukraine says it clearly targets civilians and therefore constitutes a war crime.

The price cap of $60 a barrel of Russian seaborne crude oil came into effect on Monday. It was agreed to by the Group of Seven major nations and Australia on Friday after EU member Poland, which wanted to reduce its objections, quit. Russia is the second largest oil exporter in the world.

The agreement allows Russian oil to be shipped to third-party countries using G7 and EU tankers, insurance companies and credit institutions, only if the cargo is purchased at or less than $60 a barrel.

Moscow said it would not abide by the measure even if it had to cut production, while Ukrainian President Volodymyr Zelensky said $60 was too high to stop the Russian offensive.

Both sides reported casualties from overnight attacks on an industrial enterprise and another site in southern Ukraine and on state-run accommodation in Russian-controlled territory to the east. Reuters was not immediately able to verify these reports.

Reporting by Nick Starkoff and the Reuters bureau. Writing by Himani Sarkar and Philippa Fletcher; Editing by Robert Purcell and Peter Graf

Our standards: Thomson Reuters Trust Principles.