Strain’s New Respect
The Remnant with Jonah Goldberg
00:00
How Does the Oil Price Cap Work?
The treasury departments has come up with as a response to the situation, and would at got the g seven to agree to am. The way this works is that russia will be allowed to export oil and that thet countries will beallowed to buy the oil but those oil purchases will have a price just a little bit above the marginal cost of producing the oil. So if it costs russia 25 dollars to produce that barrel of oil, then the maximum price that can be charged is 27 dollars. And you are really limiting the amount of revenue that's flowing into a moscow to finance the war.
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