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Geostrategic magazine

La partita strategica del price cap sul petrolio russo (Ben Cahill, CSIS)

Negotiations are still underway as a critical deadline approaches on December 5, but the G7 is inching toward a price cap that will do little to cut Russia’s oil revenue. The G7 price cap would defuse a package of EU sanctions that could drive Russian oil exports off the market and create a price spike. But the $65 per barrel range under consideration poses no threat to Russia’s revenue stream, and authorizing trade below the price cap could increase demand for its oil. Russia has threatened to ban oil sales to companies and countries that join the price cap.

Price Cap on Russian Oil: Running to Stand Still | Center for Strategic and International Studies (csis.org)