4min chapter

Odd Lots cover image

Pierre Andurand on What Europe Needs to Do This Winter

Odd Lots

CHAPTER

Price Caps on Russian Oil

The g seven endorsed a price cap on russian oil this month. The key is to find a cap price that is lower than ceron prices, obviously and lower than where china and india are buying it. But then i is a question of how they will want to enforce it. It i there will always be some cheating. I think it's possible, but te hopefully there speaking wet enough people to to understand what has to be done to rell minimise the cheaching.

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