The Russian crude is reported to have come to Pakistan at USD 50-52 per barrel against the price cap of USD 60 per barrel imposed by the
G7 countries, it said.
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ProudlyMzansi Khandani Msibi G7 imposes price cap on 🇷🇺's crude oil,
🇮🇳 : we are not G7 member & will buy crude oil from whomever we wants including from 🇷🇺,
Then 🇺🇸 : 🇮🇳 can buy as much as crude from 🇷🇺 outside Price cap,
( 🇮🇳 does what is in 🇮🇳's national interest, weather this 🇺🇸 likes it or not) 2/3
James David Life is Meaningless and Full of Pain Nina Turner I think “some” regulation for pharmaceuticals would be good though, like Canada has government issued price locks on drugs that assist with Big Pharma price gouging. For example: insulin
Look at who blocked the price cap.
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NEW PAPER: A Theory of Price Caps on Non-Renewable Resources, w Simon Johnson of MIT Sloan School of Management & Catherine Wolfram Harvard Kennedy School
In Dec 2022, G7 imposed a *price cap* on seaborne Russian oil sold into global markets. We study this new tool. Here’s what we do & what we find: