December 2

Why a Cap on Russian Oil Prices Won’t Work

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Home Analysis Why a Cap on Russian Oil Prices Won’t Work

EU leaders are scrambling to reach a deal on a price cap for Russian oil imports before a full ban on purchases of Russian crude takes effect on Dec. 5. Despite agreeing on the measure, initially proposed by the G-7, member states have failed to agree on a price at which to cap purchases, with […]

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