September 2, 2022 Russia-Ukraine News

Here are the latest developments in the war in Ukraine today:

Russian oil price peak: G7 finance ministers issued a joint statement announcing that they have agreed to put in place price caps on Russian oil and petroleum products in an effort to weaken Russian revenue and Russian capacity to finance the war.

Russian Deputy Prime Minister Alexander Novak earlier warned that Moscow would no longer supply countries that choose to implement such restrictions.

Zaporizhzhia nuclear power plant: A team of inspectors from the International Atomic Energy Agency (IAEA) remain at the site, the head of the UN’s nuclear watchdog having pledged to have a “continuous presence” at the plant. Ukrainian nuclear operator Energoatom said a second out of six reactors were now operational.

Meanwhile, Ukrainian officials have demanded that the IAEA press for the demilitarization of the area around the plant, which is currently held by Russian forces. The plant and the nearby town of Enerhodar suffered persistent bombardment which raised fears of a nuclear accident due to the interruption of the power supply to the installation. Each side continues to accuse the other of acts of nuclear terrorism. CNN is unable to verify which strikes took place or who was responsible for them.

Key pipeline interrupted: Russian gas giant Gazprom is completely shutting off gas supplies from Nord Stream 1 – which is the largest pipeline delivering Russian natural gas to Europe – citing an oil leak, Gazprom said in a statement on Friday.

After a 72-hour shutdown of the pipeline that began on Wednesday to carry out what it said was maintenance work, Gazprom was due to resume gas flows on Saturday.

battle lines: Russian forces suffered “significant losses” in the southern region of Kherson following the Ukrainian counter-offensive launched earlier this week, the Ukrainian army announced on Friday. The army said it was keeping pressure on Russian forces in Kherson, with attacks on several targets on Thursday, including bridges over the Dnipro River. Ukraine claimed to have destroyed a ferry crossing and an ammunition depot in the south.

The Ukrainian military also said the situation in the eastern Donetsk region is virtually unchanged, despite weeks of efforts by Russian forces and their allies in the Donbass militias to take new territory.