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Ukraine's president criticized the $60-a-barrel limit set by the Group of 7 nations, suggesting that the architects of the plan were "trying to avoid big decisions."
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Russian forces in Ukraine are burning through ammunition faster than the country's defense industry can replace it, U.S. National Intelligence Director Avril Haines said Saturday.
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Russian authorities have rejected a price cap on the country's oil set by Ukraine's Western supporters and are threatening to stop supplying the nations that endorsed it.
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The measure - due to come into force on Monday - intensifies pressure on Russia over the Ukraine invasion.
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The idea of the cap, pitched hard by U.S. Treasury Secretary Janet L. Yellen, is to limit how much Russian President Vladimir Putin can make on the oil he diverts elsewhere in the world without creating a massive disruption in global supply.
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Moscow has denounced a price cap on Russian oil agreed by Western nations as "dangerous." The Biden administration has called the cap "welcome news."
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 The office of Ukraine's president has called for a lower price cap on Russian oil than the one agreed to by Ukraine's Western supporters, while Russian authorities called the $60-per-barrel cap harmful to free, stable markets.
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