Will G7's price cap on Russian oil work
The #G7 , as well as #Australia , and the EU's #pricecap on #Russiancrudeoil , has come into force. They've agreed to restrict the price of Russian oil to $60 a barrel, just slightly below the current price of $64 U.S. dollars. The goal is to hit Russia with yet another round of economic sanctions. But the question is—- will the cap really achieve their objectives?
