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The Energy Gang looks ahead to COP27: are we still heading in the right direction?

Energy Gang

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Will Russia's Oil Price Caps Work?

The sanctions that have been imposed so far have not actually particularly restricted Russian oil exports. Many different countries are still very happy to buy Russian oil, especially as it's often being sold at discount. The idea that you can really create these kinds of controls when you're setting up a huge arbitrage opportunity is going to be a big implementation challenge.

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