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.@sguriev : in the short run the announced oil embargo helps Putin, by raising oil prices. Europe must adopt inmmediately one of two measures:
- a price cap, or
- a tariff
Guriev prefers, for political reasons (tariffs are, we know! hard to sell) a price cap. 👇
RT @ProSyn: The European Union’s embargo on oil from #Russia will hurt Vladimir Putin, but not soon enough. Europe must immediately impose a price cap on Russian oil and gas…
