United States, Ukraine discuss price cap on Russian oil

U.S. Deputy Secretary of the Treasury Wally Adeyemo and Ukrainian Finance Minister Sergii Marchenko have discussed progress made toward implementing a price cap on Russian oil to restrict revenue for Russia’s military while dampening the impact of Putin’s war on global oil and energy prices.

The relevant statement was made by the U.S. Department of the Treasury.

In a phone call, Adeyemo and Marchenko also discussed U.S. economic assistance for Ukraine and international efforts to hold Russia accountable for its unjustified and unprovoked war on Ukraine.

Deputy Secretary Adeyemo reaffirmed the United States’ commitment to Ukraine and discussed international economic assistance provided by donor countries, including the recent additional contribution from the United States to Ukraine of $1.7 billion in direct budgetary support.

According to Adeyemo, the U.S. Treasury continues to use its sanctions authorities to degrade Russia’s ability to wage its war in Ukraine and threaten its neighbors.

A reminder that, on July 13, 2022, during a nationwide telethon, Ukrainian Finance Minister Sergii Marchenko noted that Ukraine would receive about $4.4 billion in assistance from international partners in July 2022.

According to Ukrainian Prime Minister Denys Shmyhal, by the end of 2022, international partners are expected to provide another $20 billion in assistance and support for Ukraine.

Ukrainian NGO «Strategic Vision» promote economic, infrastructural and mental reconstruction of Ukraine.