Wednesday , April 24 2024
Home / Mike Norman Economics / Five Reasons Why G7’s Price Cap on Russia’s Oil is Doomed — Ekaterina Blinova

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

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

New Economics Foundation writes New Economics Podcast: Why is the benefits system failing disabled people

Michael Hudson writes Jill Stein: Splitting the Pro-Imperial Vote

Editor writes In search of radical alternatives

Stavros Mavroudeas writes «Οι καταστροφικές επιπτώσεις της ΕΕ στην Ελλάδα και τους εργαζόμενους» – Στ.Μαυρουδέας ΠΡΙΝ 20-21/4/2024

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.

Leave a Reply

Your email address will not be published. Required fields are marked *