Basically, the G7 lacks the power. The article explains the how and why.

Not to mention that such a move undermines the “rules-based order” policy of free markets and free trade, further showing who actually makes the rules unilaterally.
Frankly, it looks like desperation.

Sputnik International (Russian state-sponsored media)
Five Reasons Why G7’s Price Cap on Russia’s Oil is Doomed

Ekaterina Blinova


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Five Reasons Why G7’s Price Cap on Russia’s Oil is Doomed — Ekaterina Blinova

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