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The G7 Price Cap is Working Surprisingly Well
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Despite most analysts expecting the G7’s oil price cap to have little impact on Russia’s revenues, it looks as if it’s working remarkably well. So in this video, we discuss why it’s been effective, what might happen next and Putin’s potential response.
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1 – https://www.economist.com/leaders/2022/11/30/the-wests-proposed-price-cap-on-russian-oil-is-no-magic-weapon
2 – https://www.ft.com/content/41237fe7-210d-406c-a22a-2e17a79f7381
3 – https://tradingeconomics.com/commodity/urals-oil
4 – https://www.themoscowtimes.com/2019/11/12/russian-oil-production-most-expensive-world-saudi-aramco-ipo-a68132
5 – https://www.bloomberg.com/news/articles/2023-01-09/russia-s-flagship-oil-is-trading-at-half-global-prices-with-tiny-pool-of-buyers
6 – https://www.neste.com/investors/market-data/urals-brent-price-difference#fc54c19a
7 – https://www.ft.com/content/d08d8583-cf2a-43e6-b262-d8eab81c98c8
8 – https://www.marketplace.org/2023/01/10/sanctions-designed-to-keep-the-price-of-russian-oil-low-seem-to-be-working/
9 – https://www.bloomberg.com/news/articles/2023-01-09/russia-s-flagship-oil-is-trading-at-half-global-prices-with-tiny-pool-of-buyers
source
@Dtchmastrkilla7
February 19, 2024 at 7:42 am
Something tells me RU is just fudging the numbers to make it seem like they are selling below the cap…
@grahammidwinter9895
February 19, 2024 at 7:42 am
Russia is not running out of cash, more western wishful thinking.
@nusantaramapper7580
February 19, 2024 at 7:42 am
Many are saying that the west are cowards that didn't do much. But we should be happy that they didn't want escalating the situation.
@fratercontenduntocculta8161
February 19, 2024 at 7:42 am
I'm so very impressed at how quickly the EU cut Russian oil. It's nice to see Europe stand strong together when the times get hard. Much love from America.
@DavidHar
February 19, 2024 at 7:42 am
2:02 *EU companies, not European companies.
@bigman23DOTS
February 19, 2024 at 7:42 am
The oil price cap has not reached its net intention….It was designed to actually increase Russian output so that a levy can be applied to it to repay both humanitarian assistance and reparations to Ukraine and supporting nations
@bradleypaulus2926
February 19, 2024 at 7:42 am
More garbage. Not accurate of course.
@ronsmith3523
February 19, 2024 at 7:42 am
Wow how is this puppet able to talk without the puppet master,pulling the strings?
@amronbaharum8143
February 19, 2024 at 7:42 am
ANOTHER BEST GARBAGE PROPAGANDAS BY THE WEST!!
@mariruthhitt-kim8958
February 19, 2024 at 7:42 am
I want to see the price of gas go down like the above stats show
@GunterZochbauer
February 19, 2024 at 7:42 am
Russia is also running out of Russians😜
@sauravkharde8482
February 19, 2024 at 7:42 am
your basic math in this video explains why sunak is trying to make math mandatory in uk :DD
@planerunner4020
February 19, 2024 at 7:42 am
Didn’t people say that Russia economy will collapse month after sanctions? And here we are years after?
So why are we slowly attacking them? Why don’t we just target countries that support Russia, or buy anything from them?
@dhulon09
February 19, 2024 at 7:42 am
FULL OF LIES FULL OF CRAP UK EU CITIZENS SUFFER. While USA makes billions. EDF B GAS SCOTTISH POWER MAKE BILLIONS. Public suffer highest rate of expense since ww2. This is all doing off western hypocrisy. We suffer while rich get even richer. Such hypocrites
@dhulon09
February 19, 2024 at 7:42 am
IF PRICE CAP WORKS, Why do i pay £4500 for my gas and electric bills. While EDF. B GAS, SCOTTISH POWER, SHELL BP EXXON MAKE BILLIONS This is western hypocrisy. Public suffer go hungry and pensioners cannot get medication operations. While children go hungry. This is western hypocrisy. Your video is completely false . FULL OF NONSENSE.
@chrisharris3463
February 19, 2024 at 7:42 am
😂 these arent facts
@satyabratachatterjee1938
February 19, 2024 at 7:42 am
It's end March 23 , around two months from your prediction , Russia is still going strong — not running out of cash or ammunition nor missiles .
@anubizz3
February 19, 2024 at 7:42 am
More like US and Europe bank run out of cash.
@pearlman39
February 19, 2024 at 7:42 am
Yeah cap was $60. … but russia was selling for $50. Anyway….west kept buying from Russia through India (raised cost) claiming India as the country of origin…lmao….now suadi Arabia will not sell to any country who imposes price caps….hahaha..I'm f#$king dyeing…lol…u.s. bullshit is collapsing..
@ROGUE-SAMURAI
February 19, 2024 at 7:42 am
The price cap should have been maximum 50dollars per barrel.
Just for the sake of war to be clear.
@karenb4148
February 19, 2024 at 7:42 am
That's good news! Damn Russia and their senseless invasion of their peaceable neighbor, Ukraine.
@hjb4304
February 19, 2024 at 7:42 am
Wat about the banks in SUA 😂 stop liyng
@jameshowe8965
February 19, 2024 at 7:42 am
Russia has more natural resources than any two countries in the World it can keep the war going for years … Stop the war with brains not bullets.
@jameshowe8965
February 19, 2024 at 7:42 am
What total load of rubbish it's a way to keep the war going .
@dandanfree2925
February 19, 2024 at 7:42 am
running out of cash is not real yet
running out of options how to use cash is real.
@jameslawrence3666
February 19, 2024 at 7:42 am
Oil prices are lower because China and India are picking up discounted oil easing any global supply issues, so much so they are running out of storage, add a global recession and oil prices are going to lead to Putin selling oil at a loss.
PS if he stops production many of the wells will freeze and be unusable for a decade!
@jameslawrence3666
February 19, 2024 at 7:42 am
Another big factor is that China and India don't import refined products at all, recently their refineries have been working overtime with all the cheap discounted Russian crude