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ARTICLES - COMMENTARYA Possible G7 Price Cap on Russian Oil: Issues at Stake

Friday, July 15, 2022

A Possible G7 Price Cap on Russian Oil: Issues at Stake

by Klaas Lenaerts, Simone Tagliapietra, Georg Zachmann*

At the 26-28 June G7 summit in Bavaria, leaders said they would consider a price cap on Russian oil, to cut Putin’s oil rent while minimising the negative impacts on the global economy. This blog post discusses this proposal and how it might work, notably to help understand whether this could improve the current western embargo regime

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