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Published 2 years ago

The G7’s oil price cap is a perilous gamble

Summary by Ground News

G7 leaders agreed in early September to implement a price cap on Russian energy exports. The eleventh-hour mechanism carries grave risks and unintended consequences, says Johannes Nordin. The G7 initiative works through shipping and insurance premiums, he says. Nordin: Given its technical complexity, short implementation deadline and low efficiency, experts have remained wary of the proposal.

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The G7’s oil price cap is a perilous gamble

The eleventh-hour mechanism carries grave risks and unintended consequences that shouldn’t be ignored.

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Institute for Security and Development Policy

The G7’s oil price cap is a perilous gamble - Institute for Security and Development Policy

The eleventh-hour mechanism carries grave risks and unintended consequences that shouldn’t be ignored, writes Johannes Nordin.

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