Analyst: Price cap on Russian oil works as intended

Due to low prices on Russian crude, the country is not left with much revenue to fund the war in Ukraine. The West has thus succeeded with a risky maneuver, says one analyst.

Photo: Sergei Karpukhin/Reuters/Ritzau Scanpix

BY KIM WIESENER, TRANSLATED BY KRISTOFFER GRØNBÆK

The price cap on Russian crude oil was strongly criticized for being too soft when implemented on Dec. 5, 2022.

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