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Russia-Ukraine War Live: Moscow ‘Invests Massive Military Forces to Capture Donetsk Town’. G7 joins EU, sets oil price cap | Ukraine

Russia is investing massive military force to capture Donetsk town, UK says

The UK Ministry of Defense has released an update on Russia’s military engagement. Ukraine.

The Russian military continues to invest most of its overall firepower in an established sector of the approximately 15-kilometer front around the town of Bakhmut in Donetsk province, the Defense Ministry said.

More recently, the Russians have likely made small advances on the southern axis of this attack, and are likely planning to lay siege to the town.

Russia has prioritized Bakhmut as its primary offensive weapon since early August 2022. Although seizing the town could pose a Russian threat to the larger urban areas of Kramatorsk and Sloviansk, it would be of limited operational value.

The ministry statement added that the campaign was disproportionately costly compared to those potential benefits.

There is a real possibility that the capture of Bakhmut became primarily a symbolic and political object for Russia.

important event

Ukrainian The army killed another 510 people Russia Friday’s Army, bringing the total number of soldiers lost by Russia Since the invasion to 90,600.

They shoot down eight more drones and manage to destroy the tank. According to statistics Provided by the General Staff of the Ukrainian Armed Forces.

Over 7,000 explosives removed from around Kherson – Ukrainian emergency services

According to the Ukrainian State Emergency Service, a total of 7,042 explosives were “removed and neutralized” from Kherson Oblast.

Since Russian troops withdrew from the city last month, work has continued to clear the area of ​​mines and other traps.

Ukrainian paramedics say they have surveyed about 700 hectares of vacant land, 60 km of railroad tracks and 326 households.

Authorities are asking anyone returning to Kherson or the surrounding areas to exercise extreme caution.

Guardian last month Reported it could take years to clear Kherson of mines.

Here’s a little more detail on the oil price cap set by the G7 and its allies.

The EU had already agreed to an embargo on seaborne crude oil. Russia in a package of sanctions announced earlier this year.

The G7-Australia agreement allows non-EU countries to continue importing seaborne Russian crude using Western insurance and maritime services as long as they do not pay more than one barrel above the agreed limit. increase.

Since the most important shipping and insurance companies are based in G7 countries, price caps make it very difficult for Moscow to sell oil at higher prices.

A senior U.S. Treasury Department official told reporters on Friday that the $60 a barrel price cap for Russia’s offshore crude oil would “institutionalize” the discounts created by the threat of such a limit, while also allowing it to enter global markets. He said he would maintain an adequate supply.

Based on the terms of the contract, the price cap will be reviewed in mid-January and every two months thereafter. It also includes a mechanism to keep the price cap at least 5% below the market rate.

security expert CSIS think tank warns $60 cap is too much That’s above the current Russian oil price of about $52 a barrel.

Russian oil is estimated to sell at a profit of $40 to $45 a barrel, but it is difficult to estimate the actual cost of extraction in Russia.

Russia is investing massive military force to capture Donetsk town, UK says

The UK Ministry of Defense has released an update on Russia’s military engagement. Ukraine.

The Russian military continues to invest most of its overall firepower in an established sector of the approximately 15-kilometer front around the town of Bakhmut in Donetsk province, the Defense Ministry said.

More recently, the Russians have likely made small advances on the southern axis of this attack, and are likely planning to lay siege to the town.

Russia has prioritized Bakhmut as its primary offensive weapon since early August 2022. Although seizing the town could pose a Russian threat to the larger urban areas of Kramatorsk and Sloviansk, it would be of limited operational value.

The ministry statement added that the campaign was disproportionately costly compared to those potential benefits.

There is a real possibility that the capture of Bakhmut became primarily a symbolic and political object for Russia.

Russian oil price cap extended to G7 and Australia

The G7 and Australia agreed to cap the price paid for Russian offshore crude at $60 a barrel, hours after EU member states overcame domestic resistance to reach the same decision earlier in the day. did.

The EU agreed on a price after a holding out Poland voiced its support, paving the way for formal approval over the weekend.

In a statement, the G7 major economies and Australia said the price cap would come into effect on or shortly after December 5.

The price cap is intended to reduce Russia’s revenue from oil sales while preventing a sharp rise in global oil prices after the EU embargo on Russian crude comes into effect on 5 December.

Poland was negotiating with the EU to get the ceiling as low as possible to squeeze Russia’s revenues and limit Russia’s ability to finance the war. Ukraine.

The final deal includes a mechanism to keep the oil price cap at least 5% below the market rate.

U.S. officials said the deal was unprecedented and demonstrated the determination of the coalition to oppose the war in Russia.

European Commission President Ursula von der Leyen said the ceiling would significantly reduce Russia’s revenues.

An EU deal on an oil price cap, coordinated with the G7 and others, would significantly cut Russia’s revenues.

This will help stabilize global energy prices and benefit emerging economies around the world. pic.twitter.com/3WmIalIe5y

— Ursula von der Leyen (@vonderleyen) December 2, 2022

welcome and wrap up

hello and welcome to today’s war live broadcast UkraineMy name is Jonathan Yelshalmy.

The G7, EU and Australia have agreed to cap Russia’s offshore crude oil price at $60 a barrel. This could cut Russian oil production by 500,000 barrels per day by early 2023.

The decision by the G7 countries and Australia followed earlier announcements from the EU that the bloc had overcome internal resistance to $60 a barrel.

The G7 and Australia said in a statement that the price cap will come into effect on 5 December or soon thereafter.

More on this later. In the meantime, other major recent developments are:

  • US President Joe Biden said on Thursday that he was ready to speak with Russian President Vladimir Putin. If only he was looking for a way to end the war, and Putin hadn’t shown it yet. Putin is open to talks about possible reconciliation in Ukraine, but US refusal to recognize Russia annexed territories hinders investigation of potential compromise, Kremlin says said.

  • Up to 13,000 Ukrainian soldiers killed Since Russia invaded in February, according to Kyiv Presidential Advisor Mikhail Podoljak. At certain points in the war, Ukraine said that on the battlefield he was killing between 100 and 200 troops a day, making Podolyak’s estimates seem conservative.To Ukraine’s 24 Kanal, Podolyak , said they were official figures of the General Staff of Ukraine.

  • Three people were killed and seven wounded in a Russian shelling of the Kherson region in southern Ukraine. last 24 hours, said the local governor.

  • Authorities set up by Russia in the Kherson region of southern Ukraine said they would start evacuating some people with difficulty moving From the Russian-occupied town of Kakhovka on the east bank of the Dnipro River. Evacuations were scheduled to begin on Saturday, they said in a telegram post on Friday.

  • Russian forces in Ukraine deliberately attack museums, libraries and other cultural sites in the countryaccording to a report published by the US and Ukraine chapters of the international writers’ organization PEN.

  • Finnish Prime Minister Sanna Marin called on Europe to build its own defense capabilities In the wake of the war in Ukraine, it says Europe is not resilient enough without US help.

  • The International Atomic Energy Agency hopes to reach an agreement with Russia and Ukraine to establish a protected zone at the Zaporizhia nuclear power plant By year’s end, the head of the UN’s nuclear oversight agency was reported to have said: Europe’s largest nuclear power plant, which supplied about one-fifth of Ukraine’s electricity before the Russian invasion, was repeatedly forced to run on standby generators, Reuters reported.



Russia-Ukraine War Live: Moscow ‘Invests Massive Military Forces to Capture Donetsk Town’. G7 joins EU, sets oil price cap | Ukraine

Source link Russia-Ukraine War Live: Moscow ‘Invests Massive Military Forces to Capture Donetsk Town’. G7 joins EU, sets oil price cap | Ukraine

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