Kremlin threatens cutoffs over oil price cap

"It would be necessary to lower it to $US30 in order to destroy the enemy's economy faster," Andriy Yermak, the head of Mr Zelensky's office, wrote on Telegram, staking out a position also favoured by Poland — a leading critic of Russian President Vladimir Putin's war in Ukraine. Under Friday's agreements, insurance companies and other firms needed to ship oil would only be able to deal with Russian crude if the oil is priced at or below the cap. Most insurers are located in the EU and the United Kingdom and could be required to observe the ceiling. Russia's crude…