In the months following the Russian invasion of Ukraine, the U.S. Treasury Department came up with an idea to limit Moscow’s ability to fund its war of aggression against Ukraine by capping Russian oil sales at $60 dollars a barrel. Western efforts to cap the price of Russian oil at $60 dollars a barrel are falling short of their mark according to some Western officials and export data. The reason behind the price cap’s problems have been twofold according to the authors and it has to do with the rising cost of oil and Russia’s workarounds, such as its shadow fleet of oil tankers that operate outside of the G-7 purview. Russian export data from October shows that the country was selling its oil above $80 dollars a barrel, is this an issue with the western policy ?

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