25.1 C
New York
Saturday, May 25, 2024

A price cap on Russian oil aims to starve Putin of cash. But it’s largely been untested. Until now

FRANKFURT, Germany (AP) — For months after Ukraine’s Western allies limited sales of Russian oil to $60 per barrel, the price cap was still largely symbolic. Most of Moscow’s crude — its main moneymaker — cost less than that. But the cap was there in case oil prices rose — and would keep the Kremlin …

This post was originally published on this site

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,165FansLike
396,312FollowersFollow
2,300SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x