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#StandWithUkraine

28 posts15 participants7 posts today
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The European Commission #EC proposed this week to drop the cap to $45, with High Representative Kaja Kallas suggesting that because #RussianOil mostly transits the Baltic & Black Seas, US support for the measure is not essential.

An accord involving all #G7 nations would be more effective because of the strength of US enforcement, but the #US opposes dropping the price cap, Bloomberg reported, citing unnamed sources.

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The #G7 introduced the $60-a-barrel cap that restricts the price #Russia can earn from its seaborne #oil. But it has not been effective in curbing the Kremlin's revenues since coming into effect in February 2023, partly because of Moscow's #sanctions-busting "shadow fleet" of older vessels & a slump in oil prices.

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Revenues from #FossilFuels form the core of #Russia's fiscal planning. As well as targeting Russia's #NaturalGas, the European Commission's 18th #sanctions package proposed lowering the cap on seaborne Russian #oil from $60 to $45.

The #EU measures, which also target Russian businesses & banking, requires the backing of all 27 members. The proposal on Russian oil would need the support of the #G7, which meets later this month.

#Putin's #Oil Empire Gets Double Boost

The #US will not back an #EU proposal to impose a price cap on #RussianOil that seeks to curb revenues for Russian President Vladimir Putin's #war machine, acc/to Bloomberg.

#Russia could also benefit from the spike in oil prices following #Israel's attack on #Iran, a major producer of the commodity.

#geopolitics #Ukraine #StandWithUkraine
newsweek.com/russia-putin-oil-

Oil tank farm
Newsweek · Putin's Oil Empire Gets Double BoostBy Brendan Cole

Ukraine’s Sapsan ballistic missile to enter serial production

#Ukraine’s domestically developed short-range #Sapsan #ballistic #missile successfully completed #combat testing & is in process of production

With a payload of 480kg, completed testing in May after successfully striking a #Russian military target at a range of nearly 300 km

kyivindependent.com/ukraines-s

The Kyiv Independent · Ukraine's Sapsan ballistic missile to enter serial production following successful combat testingBy Dmytro Basmat

The evidence is clearly set out in this article that Trump and his acolytes are using public office for personal gain. Many will see this as a clear and present danger to democracy which must be challenged and defeated. rollingstone.com/politics/poli #ClimateCrisis #StandwithUkraine

President Donald Trump speaks in the Oval Office of the White House on April 7, 2025. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)
Rolling Stone · Trump Thinks It Was ‘Stupid’ Not to Cash in Harder on His First Term. He’s Making Up for ItBy Tim Dickinson