<iframe src="//www.googletagmanager.com/ns.html?id=GTM-K3L4M3" height="0" width="0" style="display:none;visibility:hidden">

Any other business

The weakness of the Russian oil price cap

10 December 2022

9:00 AM

10 December 2022

9:00 AM

Will a price cap on Russian oil sales be a winning move in the Ukraine war? Since the invasion began, Russia has continued exporting crude and refined oil products at barely less than pre-war volumes and at rising prices that have replenished Putin’s coffers. From this week, however, the EU and G7 have imposed a ban on seaborne Russian crude imports and a $60-per-barrel price cap to be enforced by banning western shipping and insurance firms from handling Russian shipments sold above the price cap.

Already a subscriber? Log in

Get 3 months of digital access, absolutely free

Subscribe to The Spectator Australia today to get the next 3 months of unlimited website and app access for free.

  • Full access to spectator.com.au and spectator.co.uk
  • The Spectator Australia app, on Apple and Android
  • Podcasts and newsletters, including Morning Double Shot
  • Our archive, going back to 1828
Or

Unlock this article

REGISTER

You might disagree with half of it, but you’ll enjoy reading all of it. Try your first month for free, then just $2 a week for the remainder of your first year.


Comments

Get 3 months of digital access, absolutely free

Join the conversation with other Spectator Australia readers. Subscribe to leave a comment.

Already a subscriber? Log in

Close