The West’s decision to impose a ceiling price of $60 per barrel on Russian oil did not harm Russia, writes Foreign policy.
The publication says that supporters of the oil price cap argue that it is the most important tool to influence the Kremlin.
“Critics believe that Russia was able to easily bypass the restriction, making it ineffective,” the document said.
According to the author of the article, the restrictions imposed at first were effective, but today the Kremlin has fully adapted to them. Thus, Moscow increased trade with countries that did not maintain the price ceiling.
At the same time, supporters of the restriction are looking for ways to strengthen it.
Before that Bloomberg WroteDespite the sanctions imposed by the USA on tankers carrying Russian oil, the supply of Russian oil by sea has started to increase again.
former financier guess Oil prices in November.