US expert Alhaji: West will pay dearly for Russian oil price ceiling. US energy expert Anas Alhaji warned the G7 countries of serious consequences for the West due to the introduction of a ceiling on oil prices from Russia. “Do people realise the cost of introducing a ‘theoretical’ price ceiling on Russian oil?” – he […]
US economist warns of consequences of Russian oil price ceiling
US expert Alhaji: West will pay dearly for Russian oil price ceiling.
US energy expert Anas Alhaji warned the G7 countries of serious consequences for the West due to the introduction of a ceiling on oil prices from Russia.
“Do people realise the cost of introducing a ‘theoretical’ price ceiling on Russian oil?” – he wrote on Twitter.
The specialist clarified that taxpayers in the US and the European Union will pay for this decision. Their costs will also increase due to higher energy delivery costs, he added.
In addition, Alhaji mentioned that to fully implement the agreement, the G7 will have to hire 87,000 inspectors to ensure that every piece of paper is filled out correctly, every bank transaction is compliant, and every tanker complies with the sanctions imposed.
US economist warns of consequences of Russian oil price ceiling
