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Japanese PM: G7 seeks to halve value of Russian oil.

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Japanese Prime Minister Fumio Kishida said that G7 leaders discussed ways to set a maximum price limit for Russian oil at a level twice lower than its current value during a summit in late June. The official added that the leaders plan to install a mechanism that will not allow Russia to sell it at a higher price than the limit set by G7.

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Russia failed to break Ukraine’s army on the battlefield, and now it’s trying to do it through a peace plan that would cap Ukraine’s forces at 600,000. Some argue that Ukraine would shrink its army — currently estimated at about 800,000 — after the war anyway.

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