Dec 6, 2023
The oil price cap imposed by OPEC has had a significant impact on Russia’s economy, costing the country an estimated $36 billion. However, experts argue that the price cap has fallen short of its intended goal of stabilizing global oil prices. The agreement between OPEC and non-OPEC countries, including Russia, aimed to limit production in […]
Russia's Economy Struggles with Oil Price Cap: Impact on Global Prices #globaloilprices #oilpricecap #OPEC #productioncuts #Russiaseconomy