MacroVoices #349 Rory Johnston: Crude Oil Outlook & SPR Discourse
Macro Voices
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Is There a Secondary Sanction on Russian Crude?
"There will be cheating and the way we've set it up or the policy has thus been framed does not make it particularly easy to catch cheating," he says. "It's already really hard to enforce a blanket ban on crude purchases like in Iran or Venezuela, let alone essentially needing an army of forensic accountants ... There are so many places for subterfuge and kind of deception here."
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