international-relations-energy-policy8.96 min read "Analysis: Impact of Price Cap on Russian Oil Revenue and Calls to Halt Militarization Funding"
Two years after Putin's invasion of Ukraine, the US and an international Coalition have implemented a price cap on Russian oil to limit Kremlin profits while maintaining stable energy markets. The second phase of the price cap aims to tighten enforcement and increase costs for Russia, resulting in a significant decline in the price at which Russia sells its oil and a stable supply of energy to global consumers. The Coalition's efforts have led to a marked increase in the discount on Russian oil, reducing Putin's profits while maintaining market stability. The price cap's impact on Russian revenues and exports is being closely monitored, and the Coalition remains committed to further reducing Kremlin profits.
1 year ago•Source: Treasury
