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G7 countries agree to introduce price cap on Russian oil starting Dec. 5.

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At a meeting on Sept. 2, G7 finance ministers formally backed the plan, which aims to ease energy market pressures while reducing Moscow’s overall revenues, Bloomberg reported. Now the diplomats will have to convince EU member nations to amend its sixth round of sanctions against Russia over its invasion of Ukraine, the report reads. Ursula von der Leyen, the president of the European Commission, said the bloc should cap the price of gas transported by pipeline from Russia to mitigate the effects of market manipulation by Russian dictator Vladimir Putin's regime.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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U.S. President Donald Trump said Dec. 29 that Russian President Vladimir Putin told him Ukraine had tried to attack Putin's residence, an allegation Kyiv has denied. "I learned about it from President Putin today. I was very angry about it," Trump said.

National security advisers from the Coalition of the Willing countries, led by the U.K. and France, have agreed to meet in Ukraine on Jan. 3, according to Zelensky. The meeting will be followed by another meeting among state leaders, planned for Jan. 6 in France.

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