RUSSIA - G7 Announce OIL PRICE CAP to DESTROY Russian Oil Revenue WITHOUT Affecting Global Oil Price

Please Support The Channel:
YouTube Super Thanks (click below)
YouTube Membership (click below)
https://www.buymeacoffee.com/JoeBlogs
https://www.patreon.com/joeblogsYT

the G7 has announced an OIL PRICE CAP for all Russian Oil from 5th December. In this video I discuss what an OIL PRICE CAP is, how it will operate, Russia's RESPONSE and what the impact will be on the Russian Economy, the Supply of Oil and the Global Economy.

For specific details please check out the CHAPTER list below.

Thanks for watching and please LIKE and SUBSCRIBE.

If you like this video and are would like to buy me a coffee please click the link below. THANK YOU it is very much appreciated.

https://www.buymeacoffee.com/JoeBlogs

Chapters:
0:00 Intro
2:25 G7 ANNOUNCEMENT
3:16 PRICE CAP
5:32 PRICE CAP MECHANISM
6:20 P&I INSURANCE
9:30 SHIPPING INSURANCE
11:06 PRICE CAP LEVEL
12:11 IMPACT ON RUSSIA
15:08 RUSSIAN RESPONSE
18:43 SUMMARY & CONCLUSION

#UKRAINE
#RUSSIA
#GLOBALFINANCIALCRISIS
#RUBLE
#SWIFT
#RECESSION
#CHINA
#USA
#NATO
#WW3
#WORLDWAR3