Russia price cap enforcement action by US eases some concern over policy’s waning impact
October 17, 2023 Comments Off
New US enforcement measures ushering in a second phase of the G7-led price cap on Russian seaborne crude exports have government officials and market watchers more optimistic that the novel policy can retain its efficacy and meaningfully impact Russia’s economy and warfighting capabilities. Though US officials continue to point to the novel price cap regime as a success, noting that…
Russia price cap enforcement action by US eases some concern over policy’s waning impact
New US enforcement measures ushering in a second phase of the G7-led price cap on Russian seaborne crude exports have government officials and market watchers more optimistic that the novel policy can retain its efficacy and meaningfully impact Russia’s economy and warfighting capabilities. Though US officials continue to point to the novel price cap regime as a success, noting that…
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