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how is EU price cap on russian oil gonna work out?
very poorly
they’re either delusional or intentionally making things worse
Imagine an impudent 4 year old challenging a 500-pound sumo wrestler. The match begins, and the 4 year old immediately starts to punch himself instead of actually fighting. This isn’t really economic warfare, its a borderline self-massacre.
so I am making sure I understand this idea right, the EU who is already facing high oil and gas prices and relied on Russian oil and gas, is now trying to dictate to Russia, a soverign nation, not part of the bloc, what price they can sell at, or their companies would not work with them, and from what I understand their companies are already not suposed to be working with them because of the sanctions? Are they trying to poke the bear?
Everything you’ve said, but even dumber.
It’s the same as going in a ferrari dealership and saying “I’ll pay 5000€max for that shining new red ferrari that has a market value of 500k”