Suryaputra Wijaksana
The oil ‘price cap’ of US$60 per barrel for Russian oil is a controversial move by the European Union and G7. The price cap prohibits Western insurers and shipping companies, which account for more than 90 per cent of the marine insurance industry, from servicing vessels that carry Russian oil above US$60 per barrel.
Russian oil price cap accelerates global economic decoupling (eastasiaforum.org)