Russian Oil Price Cap: Why it's a Bad Idea - #131

The G7 has declared a $60-per-barrel price cap on Russian Oil sold on the open market. This is unprecedented territory and can create a catastrophic outcome for Europe (and other countries as well).
The European Union introduced a law capping the price of oil - the Russia's main export. It is supposed to help Europe pay a maximum of $60 per barrel, but instead it may ruin the lives of ordinary Europeans. The sanctions, low oil prices and a recession looming in The West, this might have enormous ramifications on the worldwide economy. In this episode, we discuss the price cap and the potential economic crisis facing not only Europe, but the world. This also includes China as well, which is a huge part.

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Russian Oil Price Cap: Why it's a Bad Idea - #131
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