President Joe Biden championed diplomatic breakthroughs at this week’s NATO summit in a landmark speech after Ukrainian President Volodymyr Zelenskiy shifted his tone at the meeting in Lithuania to hail the agreement on a renewed pledge to join the alliance.
(Bloomberg) — President Joe Biden championed diplomatic breakthroughs at this week’s NATO summit in a landmark speech after Ukrainian President Volodymyr Zelenskiy shifted his tone at the meeting in Lithuania to hail the agreement on a renewed pledge to join the alliance.
Russia’s flagship Urals crude oil meanwhile breached a price cap set by the Group of Seven, a blow to sanctions efforts and arguably an economic win for Moscow. According to price reporting agency Argus Media, Urals crude topped $60 a barrel Wednesday, climbing above the G-7 ceiling set last year in an attempt to restrict revenue to Moscow’s war machine.
Ukrainian air defense downed 20 Iranian-made drones and two Kalibr cruise missiles launched by Russian forces overnight, Ukraine’s Air Force command said on Telegram. The Interior Ministry in Kyiv said debris from the downed drones fell in four areas of the capital, with several injured in damage to residential buildings.
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Russian Urals crude climbed above $60 a barrel, breaching a ceiling designed to stop Russian oil being transported on western-aligned ships — and with western insurance — unless it was priced under the threshold.
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