The move followed the coalition's Dec. 5 banning of the use of Western-supplied maritime insurance, finance and brokering for seaborne Russian crude oil priced above $60 per barrel.
Yellen said global energy markets had remained well-supplied and public reports indicated that oil importers such as China and India were using the price cap to "drive steep bargains" on Russian oil.
Source: Energy Industry News (energyindustrynews.net)
It only degrades the G7
Mutlinationals Shell_Nederland UnileverNL moved to govuk, so Nato / Ukraine can bomb 🇳🇱. All organised at MunSecConf Massive 5G murders from November2023. 🇩🇪Nazi attack Oktober 2023 by olafscholz = trigger for attack on mfa_russia by nato
World's two biggest oil importers will continue to import from Russia. Price Cap will harm only Europe.
LOL....its doing ABSOLUTELY nothing . West is a joke.
It won't do anything and they know it.
It's about time everyone just stopped talking and imposed more or tougher sanctions on Putin's Russia. The current level of sanctions don't seem to be doing much to stop his illegal invasion.
uh huh
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