Cap Russia’s Oil Price Now.
A new round of European sanctions set to target Russian oil imports by the end of the year could push energy prices even higher – potentially triggering a global recession. But there is a promising way to avoid this outcome.
We would like to share the insights and analysis by Mr. Michael R. Strain, the director of Economic Policy Studies, and the Arthur F. Burns Scholar in Political Economy at the American Enterprise Institute (AEI).
His commentary originally appeared in the Project Syndicate, July 21, 2022.
https://www.project-syndicate.org/commentary/russia-oil-price-cap-yellen-plan-by-michael-r-strain-2022-07
