
Surveillance: Euro Weakness with Rochester (Podcast)
Bloomberg Surveillance
00:00
Is a Cap on Russia's Oil Prices a Catastrophe?
i just don't see how a cat imposing a cap on russian oil prices is at all feasible. Russias in rushas holding the cards right now, because if indian china want their oil, they can say, sorry, you know, we're not going to sell it forio forty dollars under and under the bench. And i'm very curious about the contagion effect here. When a given poor country, beleaguered by high oil prices, provides subsidies domestically, where do they get that money? Do they issue debt, or is it a ball out from the i m f? I'm guessing that they first issue debt, and then they're hoping for a bail
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