The new price cap of $60 for Russian oil is likely to destroy the Russian economy, most analysts agree.
Russia’s budget is already strained due to the ongoing work effort and the drying up of most sources of income.
It is expected that basic products will start becoming scarce across Russia in the very near future, likely leading to total societal collapse.
Ukraine has celebrated the move, adding that it would have been preferable to cap the price at $30 to accelerate the destruction of Russia’s economy.
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