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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
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