The West is struggling to set an oil price cap that hurts Russia | CNN Business

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Allies of Ukraine want to put a price limit on Russian oil. But there’s a problem: They can’t agree on a number that would actually pile pressure on the Kremlin

. The West’s biggest economies agreed earlier this year to cap the price of Russia’s most valuable export and vowed to hash out the details by early December. The move is aimed at reducing inflows to President Vladimir Putin’s war chest without adding to stress on the global economy by further reducing the supply of energy. But as the deadline approaches, countries are still haggling over where the cap should be set.

“This will help to further reduce Russia’s revenues, while keeping global energy markets stable through continued supplies,” the European Commission has explained. “It will thus also help address inflation and keep energy costs stable at a time when high costs — particularly elevated fuel prices — are a great concern.” Yet actually setting a price has proved tricky.

 

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As long as Europe continues to push green energy policies they will always be dependent on Russia for oil

Good idea, but useless

And will continue to struggle until thay kingdom come. Useless agenda.

MajidrezaRahnavard was arrested during the revolutionary protests in Iran a last week, and is now falsely accused of murdering two security officers. He's been sentenced to death by hanging in public tomorrow(26Nov).be his voice. he's innocent MahsaAmini VoriaGhafouri

America and its allies should just don their jerseys and enter the fray to fight Russia. Do I hear them say Russia is weaponising energy? But they're not weaponising energy? They should forget they can't with their combined force defeat Russia.

Сами себе яму роете дебилы!!

How about NO OIL from Russia?

Some types of Sanctions do severe harm Are even calamitious Common commodities like Food, Water, Fuel, Medicine should never be in the sanctions palette In fact Sanctions itself is low & mean & should be a last resort ♧

Lest we forget the words of the ex-defeated President.

WINNING 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

Only thing I wanna hear about today in the whole Balenciaga thing please

😂😶

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