The EU Can't Agree On A Price Cap, But Russian Oil Is Capped Anyway
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As the member nations of the European Union continue to debate the proposed sanction mechanism of capping the price for Russian oil, the realities of losing markets is restricting Russian oil prices even without a formal price cap. In other words, the market is moving ahead of the government regulators. Again.
The EU Can't Agree On A Price Cap, But Russian Oil Is Capped Anyway
The EU Can't Agree On A Price Cap, But…
The EU Can't Agree On A Price Cap, But Russian Oil Is Capped Anyway
As the member nations of the European Union continue to debate the proposed sanction mechanism of capping the price for Russian oil, the realities of losing markets is restricting Russian oil prices even without a formal price cap. In other words, the market is moving ahead of the government regulators. Again.