Not to mention that such a move undermines the "rules-based order" policy of free markets and free trade, further showing who actually makes the rules unilaterally.
Frankly, it looks like desperation.
Sputnik International (Russian state-sponsored media)
Five Reasons Why G7's Price Cap on Russia's Oil is Doomed
Sputnik International (Russian state-sponsored media)
Five Reasons Why G7's Price Cap on Russia's Oil is Doomed
Ekaterina Blinova
Try price-capping your domestic oil industry. Learn to crawl before you deign to walk.
ReplyDeleteThe purpose of price capping is to redirect fossil fuel demand to US production at a higher price.
ReplyDelete"Not to mention that such a move undermines the "rules-based order" policy of free markets and free trade..."
ReplyDeleteThe G-7 (i.e. U.S.) doesn't give a shit about this. It's about dominance and control.