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How the Russian Oil Price Cap Will Work


How the Russian Oil Price Cap Will Work

NEW YORK ( — Last week’s bold announcement by the G-7 of a price cap on purchases of Russian oil has met with skepticism and ridicule media commentators and pundits. Following months of planning, the oil price cap is a bid to limit the Kremlin’s earnings on exports of its most important commodity and reduce financial support for its war against . After the G-7 announcement, the Kremlin immediately said that Russia would not sell any oil to countries abiding by the price cap. By , the Lester Crown professor in management practice and a senior associate dean at the , and , the director of research at the Yale Chief Executive Leadership Institute.  Read more here.


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