Jeffrey Sonnenfeld from Yale School of Management gives his analysis of G7 plans to put a price cap on Russian oil. Will it have the desired impact of hitting Moscow’s ability to fund its war in Ukraine? Will other countries participate? Will it simply mean Russia stops selling oil to the countries who take part? Professor Sonnenfeld answers these questions and more in this in-depth interview with DW Business’s Rob Watts.
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#russia #sanctions #economy
25 Comments
what if Putin just…doesn't sell then?
I understand the idea behind the price cap, and the idea that Putin "cant just stop selling because he'll be totally screwed if he does," but what if he doesn't care? What if he dies it to hurt the west even if he hurts more?
Then when it's over, he'll say "and now it's going to be worse for you in retaliation for the attempt."
Great comments
Ohh, China and India were enjoying so much for this opportunity, they need to hoard hoard hoard while it's cheap. Make money with less effort. Funny business economy, Poor Russia!😂😂😂
Close down all factories in EU . That should reduce energy consumption a lot 😁😁 it's not that bad 😜😜 they are no longer efficient n productive in reality
Great interview, DW. I just want to shake the hand of the person/people who designed this price cap on Russian oil. I'd love to be a fly on the wall when bargain hunters like India and China come knocking on Putin's window pane, explaining they couldn't possibly pay a cent more than $46 dollars a barrel🤣
We are paying thru our nose, for Russian energy sold by 3rd party brokers.. let's cap the prices..
🤭🤣🤣🤣
I love his optimism
But wouldn't it have been easier to have put NATO troops in Ukraine before the war to deter Putin and avoid all this bovine manure!
Price Cap is Untested Missile ………..Only Time will prove the impact on Russia…Because Oil & Gas Supply & Demand is favor of Oil Producers ……
Theoretically, if u can't stop people from selling. U can at least stop urself from buying. If u can't punish Ur enemy u can at least punish urself 😜
EU is doing both Amazingly
This Prof.'s eloquence level is on Harry Mack's level. I'd love to see a battle between them:)
His statement is misleading….
Western egos are out of hand! DW news is 100% western bias, even though there are great points made by the professor.
This is an amazing video and i enjoyed every bit of it. And i'm also excited to share my investment experience so far this year. I believe it will help a lot of people here who are confused on how to startup theirs and be productive for the year.
When I was young i was thinking that in Germany live smart people 😂😂😂
Oil oil oil…. But what about natural gas ?
Kudos, once again, for asking relevant questions from a qualified expert.
Putin has played the only card he had but it has been shown to be a joker, we need oil but there is plenty available, high prices are worth paying to avoid financing Putin’s horde of thieves rapists and murderers in Ukraine
It is surprising to see many viewers here don't seem to understand the concept of buyer's market.
Let's take an example of buying clothing in a developed country. In where I live (G7 nation), due to Covid and many people working from home, we no longer need expensive clothing but many clothing companies didn't realize this, so they were forced to close down many stores or simply went bankrupted because they didn't understand the buyer's needs and it is indeed this market is buyer's market. We as a consumer has MUCH more power than sellers. If we don't buy and don't keep buying on the terms and conditions we prefer, the sellers would be forced to accommodate the buyers needs to meet our terms and conditions we only buy. This doesn't happen instantly but it does happen in months or a year or two depending on how fast the market reacts to a particular product we are buying. Taking an example of clothing, many department stores closed down or scaled down or filed a bankruptcy trying to reestablish after scaling down. After a few years of Covid, these stores that did not close had to lower their prices and sell clothing that are totally different, half/1/3 of their original price, more casual comfortable clothing, and not clothing that used to cost $200-$300 for a skirt or dress pants. Who would wear a tight skirt at home office as a lady? No one. No one would wear a suit and tie at home office as a guy. So many had to lower the prices (1/3 of the prices) and change all of their formal styles to more casual and relaxing style of clothing. This happened because WE as a buyer demanded we wouldn't buy anything unless the seller lowers the price and offer something else we look for. Same thing can be said about cosmetics. No ladies here are wearing lipsticks now because we are wearing a mask, especially something that costs $40 a lipstick. They had to lower the prices and offer more basic skin care lines as no one is buying them. This market is a buyer's market, buyer has A LOT more power to change what the seller has to offer, NOT the other way around.
I would love to see Putin's face once price CAP is implemented.
He kept saying the price cap will work just fine. However, without couple of hours EU's top leaders juat disagreed upon the idea
THERE IS ABSOLUTELY NO WAY IN WHICH THE WEST CAN FORCE THE EAST TO LOWER THEIR PRICES, OR ALLOW THE SELLING PRICE WHATSOEVER.
THEY DON´T TAKE THEIR FINANCIAL DIRECTIVES FROM THE WEST. IT IS STILL ALL ABOUT SUPPLY AND DEMAND.
Welcome to the Pooty-bot comments pasture. Careful where you step, and don't wear good shoes. 😆
India took part in the Chinese/Russia War games. India picked their side. Don't play like India hasn't picked their side!
Current electricity bill is 4 – 5 times higher in Germany . Can Jeffrey give proposal for a price cap on electricity bills ?
All German industries will collapse with current electricity prices . Germany will be the second largest loser in this
War after Ukraine . US is the only Winner if this War is to continue .