After months of negotiations, Western nations and their allies have agreed to cap the price of seaborne Russian oil at $60 a barrel.
They hope it will reduce Moscow's ability to fund its war in Ukraine.
A spokesman says Russia won't accept the move, while Ukraine's president wants the price to be lowered to $30 a barrel.
So what will the cap achieve?
Presenter: Dareen Abughaida
Guests:
Sergei Markov - Director, Institute of Political Studies
Ulrich Brueckner - Professor of Political Science, Stanford University in Berlin
Chris Weafer - CEO of Macro-Advisory, a consultancy focused on Russia and Eurasia
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#UkraineWar #RussianOil #ukrainerussiawar #RussiaSanctions #InsideStory
They hope it will reduce Moscow's ability to fund its war in Ukraine.
A spokesman says Russia won't accept the move, while Ukraine's president wants the price to be lowered to $30 a barrel.
So what will the cap achieve?
Presenter: Dareen Abughaida
Guests:
Sergei Markov - Director, Institute of Political Studies
Ulrich Brueckner - Professor of Political Science, Stanford University in Berlin
Chris Weafer - CEO of Macro-Advisory, a consultancy focused on Russia and Eurasia
Subscribe to our channel: http://bit.ly/AJSubscribe
Follow us on Twitter https://twitter.com/AJEnglish
Find us on Facebook https://www.facebook.com/aljazeera
Check our website: http://www.aljazeera.com/
Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/
#UkraineWar #RussianOil #ukrainerussiawar #RussiaSanctions #InsideStory
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