The G7 Cap on Russian Oil Is a Subsidy to China

The G7 Cap on Russian Oil Is a Subsidy to China

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Mises Wire The G7 Cap on Russian Oil Is a Subsidy to ChinaTags Global Economy There are many mistakes in the G7 agreement to put a cap on Russian oil. The first one is that it does not hurt Russia at all. The agreed cap, at $60 a barrel, is higher than the current Urals price, above the five-year…

#rosneft #roace #russian #petrochina #g7 #opec #noneu

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