Indian Prime Minister Narendra Modi meets with Russian President Vladimir Putin on the sidelines of the Shanghai Cooperation Organization leaders' summit in Samarkand, Uzbekistan, on Sept. 16.Sergei Bobylyov/Sputnik/AFP via Getty Images
"I think there's also some irritation with Western sanctions and the idea that, you know, the U.S. and the EU are really pushing countries to do this and they're interfering with the global oil market," Cahill adds."They have a lot of skepticism. And I don't think that India and China will sign the plan and fully endorse it."
And then there's the question of insurance."Russia started to work on developing its domestic insurance company," he says."It has been in discussion with China and India and other trade partners of having a different insurance that would allow them to continue to import."The G-7 price cap plan depends heavily on documentation and proof about where the oil on a tanker is coming from and how much it costs.
Russian President Vladimir Putin has said he will not sell oil to any country that is compliant with the price cap and that Russian oil will find other customers, willing to risk breaking sanctions.
US needs to ban Russian oil 100% just stop exporting our own
I truly hope Russia doubles the price for them in Rubles prior to delivery and after all, sanctions are dropped. Let them freeze. Better yet cut them off forever. Europe and the US only learn lessons the hard way. Screw them.
They want to start WW3. Kinda reminds me of why Japan bombed Pearl Harbour. US needed a reason to fully join.
Price caps don't work.
it's bitch being dependent of your prescribed 'enemy'. absolutely amusing , man
Yeah. That didn’t take.
and they will freeze to death because of it.
Let the games begin
Talk about cutting off your nose to spite your face. This will further enrich Russia and cripple the Wests economy
Where is your detailed Hunter Biden story about censoring the laptop to change the outcome of the 2020 election, and NPR apology? Where is your reporting about the media/Twitter cover up now that it is 100% exposed via Elon? Why are you not reporting the biggest story?
What about the Elon Musk Hunter Biden laptop story? Where is it NPR?
DefundNPR BoycottNPR
The lack of economic understanding is amazing.
And OPEC won’t even think about raising prices and crushing western economies.
Can't Russia just refuse 2 sell at that price & let them freeze? That's what the USA would do! Can't let anything get in the way of Profits 4 the few! AmericanFascism Our Gov. was OVERTHROWN long B4 Jan. 6th & Elite Media has been Complicit! NoTaxationWithoutREPRESENTATION!
It won't work. Someone else will buy the oil. The sooner the net zero delusion meets its inevitable denouement the better
But they can still use oil pipelines into Europe and continue selling to most of the world? How exactly is this going to hurt Russia considering it’s a globe market. A tanker simply transfers it oil at sea to another non Russian tanker and nobody is the wiser.
Should have been a $50 price cap with 50% going to the Ukraine relief fund.
How about a negotiation settlement that agrees to no NATO expansion.
We fight to our valient deaths for Burisma?
Will NPR cover the Twitter election in 2020 interference? HunterBidensLaptop
Sanctions work. There should be more implemented.
Any conglomerate/companies that are still open and paying Putin's govt to operate should be penalized.
Bigger news story:
If you'd like to heard the story of the Board and Management of Seattle's Highlands HOA trying to run me out of my home head over to my feed and YouTube where I'm documenting my battle. Board Pres Michael Glenn Board member at VirginiaMason stopped my mail from getting though.
No!
Hey NPR, where is your reporting on what Twitter is unleashing today about the Hunter Biden laptop? Oh wait, it's not a real news story accoring to NPR.
Meanwhile, back in Europe, Warcrimes
That may be the most poorly worded tweet.
Embargoes are pointless. Let Zelensky win on his own dime. What a waste of resources.
Just terrible that California, who imports oil, is going to blame the oil companies, when the problem is probably that there isn't any oil under ground in California anymore.
The only people this punishes are American citizens, suffering under energy price driven inflation
Someone really needs to stop putin watching him do this and not stopping is horrible
The more they burn and sell oil the more the ice caps melt in Russias favor
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