Europe, US To Pay More For Oil as Russia Plans to Retaliate | Europe Energy Crisis. G7 and EU’s oil price cap on Russian oil is here. Western countries, along with Australia have decided to cap the price of Russian oil at $60 per barrel. Will Russia simply accept a price cap mechanism aimed at hurting its oil revenues? Or will Vladimir Putin retaliate? Obviously, Putin will retaliate, and hit right back at the West. In fact, while the West has put in place a price cap on Russian oil, Putin is preparing to impose a ‘price floor’ on its own crude. Watch to know more.

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#russia #oil #usa #europe #china #ukraine #war #india #usa #opec #pricecap #g7 #putin #joebiden | n18oc_world

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