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Russia-Ukraine war live: Russian oil output estimated to fall as G7 commits to price cap


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Agreement by G7, EU and Australia to cap the price paid for crude oil at $60 a barrel could lead to a fall in Russian output of 500,000 barrels a day

What we know on day 283 of the invasion

The UK Ministry of Defence has released an update on Russia’s military efforts in Ukraine.

Russian forces continue to invest a large part of their overall firepower on an approximately 15km long sector of entrenched frontline around the Donetsk oblast town of Bakhmut, the defence ministry says.

Russia has prioritised Bakhmut as its main offensive effort since early August 2022. The capture of the town would have limited operational value although it would potentially allow Russia to threaten the larger urban areas of Kramatorsk and Sloviansk.”

There is a realistic possibility that Bakhmut’s capture has become primarily a symbolic, political objective for Russia.”

Continue reading…Agreement by G7, EU and Australia to cap the price paid for crude oil at $60 a barrel could lead to a fall in Russian output of 500,000 barrels a dayWhat we know on day 283 of the invasionThe UK Ministry of Defence has released an update on Russia’s military efforts in Ukraine.Russian forces continue to invest a large part of their overall firepower on an approximately 15km long sector of entrenched frontline around the Donetsk oblast town of Bakhmut, the defence ministry says.Russia has prioritised Bakhmut as its main offensive effort since early August 2022. The capture of the town would have limited operational value although it would potentially allow Russia to threaten the larger urban areas of Kramatorsk and Sloviansk.”There is a realistic possibility that Bakhmut’s capture has become primarily a symbolic, political objective for Russia.” Continue reading…