The UK and G7 countries are preparing a new blow to the Kremlin’s oil revenues – they plan to lower the price ceiling for Russian oil

The UK and the G7 countries are preparing a new blow to the Kremlin’s oil revenues by planning to lower the price ceiling for Russian oil. The current limit of $60 per barrel has lost its relevance amid falling global oil prices. Analysts believe that the current strategy of limiting Russia’s oil and gas revenues needs to be urgently revised. Can the new plan force Moscow to participate in the peace process? Find out more about the possible changes and their implications for the global oil market.

There were 99 combat engagements in the frontline over the last day: Ukrainian Armed Forces hold back Russian offensive in Donetsk region and inflict losses on Russian army

Over the past day, 99 combat engagements took place between the Ukrainian Armed Forces and the Russian army at the frontline, indicating a decrease in the intensity of fighting. The enemy remains most active in Donetsk region, where Ukrainian forces continue to hold back the offensive. According to the General Staff, the Ukrainian military eliminated 1,180 Russian occupants and destroyed a significant amount of equipment. The American Institute for the Study of War notes the successes of the Ukrainian Armed Forces in Donetsk region, emphasising the importance of the situation at the front. Learn more about the latest developments and losses of the Russian army in our detailed review.