Currently there is no description available for Maximilian Hess.
“But in the end, all parties agreed to a cap of $60, because they saw that at that level Russia's profits can be vastly restricted without causing a major disruption to global oil markets that could send prices skyrocketing for everyone. Indeed, any lower price cap would have likely forced Russia to take drastic action - such as stopping all exports - and damaged all oil-importing nations alongside Russia.”
13 Dec 2022
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