Russia renews missile attacks as G7 begins imposes oil price cap

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Russia renews missile attacks as G7 begins imposes oil price cap
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Ukraine said Russia had launched a new round of missile attacks on Monday as the West tried to limit Moscow's ability to finance its invasion by imposing a price cap on Russian seaborne oil.

A view shows a building on the premises of a local church, which was damaged in shelling in Donetsk, Ukraine, December 5, 2022. REUTERS/ Alexander Ermochenko

Air alerts sounded across Ukraine and officials urged civilians to take shelter from what they said was the latest in waves of Russian missile strikes since its Feb. 24 invasion. Russian forces have increasingly targeted Ukrainian energy facilities in recent weeks as they faced setbacks on the battlefield, causing major power outages as winter sets in.Ukraine had only just returned to scheduled power outages from Monday rather than the emergency blackouts it has suffered since widespread Russian strikes on Nov. 23, the worst of the attacks on energy infrastructure that began in early October.

A $60 per barrel price cap on Russian seaborne crude oil came into force on Monday. The Group of Seven nations and Australia agreed to it on Friday after European Union member Poland, which wanted it even lower, dropped its objections. Russia is the world's second-largest oil exporter.

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