I wonder if this will be able to break the economic law that price caps result in shortages. Especially curious if it will work when they’re targeting their price caps at a country, not just a commodity, and it’s a country that’s already using energy as part of an economic warfare plan.
G-7 Rolls Out Plan to Cap Price of Russian Oil
The Group of Seven wealthy nations rolled out a plan to cap the price of Russian oil on global markets, committing to a novel new sanctions plan aimed at limiting Russia’s revenue from oil sales as its invasion of Ukraine grinds on.
WSJ