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Oil price cap fails: Russia sells much more expensive

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Oil price cap fails: Russia sells much more expensive

Reading time: 2 mins

18.04.2023 17:38 Updated: 04/18/2023 17:38

It is true that Russia has to sell its most important oil type, the Urals, a little cheaper than other types. But the country continues to earn significantly more than the West’s price cap actually allows.

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Price cap is ignored: Russia can sell oil at higher prices

The oil price cap against Russia is being flouted on a grand scale. (Photo: iStock.com//Dikuch)

Photo: Dikuch

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