Is This The Only Way To Curb Russian Oil Revenues? ...Middle East

Economy by : (OILPRICE) -
The West is looking to cap the price of Russian oil with the double goal of restricting Putin’s oil revenues while lowering energy bills for the biggest oil-consuming nations, including the top oil consumer, the United States.  The success of such a plan is far from certain, but there may be one surefire way to restrict Russia’s oil revenues—a way that would also inflict pain on the West. We’re talking about a recession. For weeks, the U.S. and partners have been discussing ideas, including banning all services enabling…

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