It has now been a full two weeks since the EU imposed its price cap on seaborne Russian oil exports. At the present time, the price cap appears to be holding. Is it having the desired effects of limiting Russian oil revenues? Trade data suggests that it is.
The Oil Price Cap Is Holding, But Is It Working?
The Oil Price Cap Is Holding, But Is It…
The Oil Price Cap Is Holding, But Is It Working?
It has now been a full two weeks since the EU imposed its price cap on seaborne Russian oil exports. At the present time, the price cap appears to be holding. Is it having the desired effects of limiting Russian oil revenues? Trade data suggests that it is.