{"id":542033,"date":"2022-12-09T12:15:39","date_gmt":"2022-12-09T06:45:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=542033"},"modified":"2022-12-09T12:25:53","modified_gmt":"2022-12-09T06:55:53","slug":"g-7-price-ceiling-on-russian-oil-not-low-enough-to-hit-kremlins-revenues","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/g-7-price-ceiling-on-russian-oil-not-low-enough-to-hit-kremlins-revenues\/","title":{"rendered":"G-7 price ceiling on Russian oil not low enough to hit Kremlin&#8217;s revenues"},"content":{"rendered":"<p>The Group of Seven\u2019s price ceiling on Russian oil exports isn\u2019t low enough to take a big bite out of the Kremlin\u2019s revenues next year and economists say even if it does lead to a drop in crude production, Vladimir Putin still has plenty of cash for his war effort, at least for now. <\/p>\n<p>At $60 per barrel, \u201cthe price cap looks very generous,\u201d said Renaissance Capital economist Sofya Donets. \u201cIt is close to what was priced in by the market for 2023 and to the level suggested in Russia\u2019s budget.\u201d<\/p>\n<p>European officials touted the cap \u2014 negotiated last week after months of haggling among the US and its allies \u2014 as a way to starve Russia\u2019s war machine.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Group of Seven\u2019s price ceiling on Russian oil exports isn\u2019t low enough to take a big bite out of the Kremlin\u2019s revenues next year and economists say even if it does lead to a drop in crude production, Vladimir Putin still has plenty of cash for his war effort, at least for now. At $60 per barrel, \u201cthe price cap looks very generous,\u201d said Renaissance Capital economist Sofya Donets. \u201cIt is close to what was priced in by the market for 2023 and to the level suggested in Russia\u2019s budget.\u201d European officials touted the cap \u2014 negotiated last week [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-542033","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/542033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=542033"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/542033\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=542033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=542033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=542033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}