Can G7 Cap Russian Oil Price
Are the powerful G7 countries making empty threats of containing Russian funding to the Ukrainian War by enforcing capping of the Russian Oil price ?
Their strategy appears to be out place, as Russia in defiance of all global sanctions has only diverted supplies to Asia, much to the annoyance of Europe and US.
The retreat from Globalisation into Nationalism, and de-coupling of economies is not an easy task today.
With heavily populated countries like China and India rising up on the development index, demand for energy, especially so for fossil fuels, is bound to rise.
For Russia, a nuclear powerhouse with veto authority at the UN, if not Europe, there is a ready global market available for selling its abundance of Oil and Gas supplies.
Moreover, G7 has been unable to spell out how they intend to enforce a cap of Russian Oil
