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Five Reasons Why G7’s Price Cap on Russia’s Oil is Doomed — Ekaterina Blinova

Summary:
Basically, the G7 lacks the power. The article explains the how and why.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 DoomedEkaterina Blinova

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Basically, the G7 lacks the power. The article explains the how and why.

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

Ekaterina Blinova
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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