Jan Rindbo doubts price cap on Russian oil

The US and G7 plan to implement a price cap on Russian oil, so Russia’s war in Ukraine won’t be funded by oil income. Norden CEO Jan Rindbo doubts it will work.

by DAG HOLMSTAD

It will be a very steep hill for the US and G7 countries to climb in imposing an effective price cap on Russian oil to prevent Russia from funding its war in Ukraine.

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