📰 “Russia’s high dependence on insurance from G-7 and European countries for shipping oil means the price-cap coalition has strong leverage. The West could exploit that by lowering the cap."
CREA's Meri Pukarinen in @bloombergbusiness
https://www.bloomberg.com/news/articles/2023-03-30/russia-still-reliant-on-western-insurance-for-half-oil-shipments
#CleanAir #CleanEnergy #Europe #G7 #Insurance #Oil #PriceCap #PriceCapCoalition #Russia #Shipping
#cleanair #cleanenergy #europe #g7 #insurance #oil #pricecap #pricecapcoalition #russia #shipping