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Published 7 months ago

How Russian Government Keeps Getting Richer: Why The Price Cap On Russian Oil Is Failed – OpEd

Summary by Ground News
The price ceiling on Russian oil has been in place since February 2023. The embargo and the price ceiling will significantly reduce the revenue opportunities of the Russian budget. The price ceiling is only applicable to the oil supplied to Europe. The remaining 80% of former European supplies are quite successfully diverted to Asia.
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How Russian Government Keeps Getting Richer: Why The Price Cap On Russian Oil Is Failed – OpEd

I have written about the real inefficiency of the restrictions imposed by Western countries on Russian oil imports repeatedly and in detail throughout the year 22. Now, at the end of February 2023 …

7 months ago
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