Russia Price Caps: Holding, Breaking, Or Wobbling?
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It has been more than two weeks since the latest EU/G7 price caps on Russian refined oil products were announced, intended to limit Russian hydrocarbon revenues and hopefully starve Vladimir Putin’s war machine in Ukraine of needed cash. While it is far too soon to tell if the price cap will have any meaningful impact on Russia’s war in Ukraine (so far, there is no indication either price cap has had any influence on Putin’s war aims in Ukraine), enough time has passed that we can begin to assess the market impacts of the cap, and their ramifications for Russia.
Russia Price Caps: Holding, Breaking, Or Wobbling?
Russia Price Caps: Holding, Breaking, Or…
Russia Price Caps: Holding, Breaking, Or Wobbling?
It has been more than two weeks since the latest EU/G7 price caps on Russian refined oil products were announced, intended to limit Russian hydrocarbon revenues and hopefully starve Vladimir Putin’s war machine in Ukraine of needed cash. While it is far too soon to tell if the price cap will have any meaningful impact on Russia’s war in Ukraine (so far, there is no indication either price cap has had any influence on Putin’s war aims in Ukraine), enough time has passed that we can begin to assess the market impacts of the cap, and their ramifications for Russia.