- “The market is going to set the price so if you put sanctions on at higher prices, in a way you’re just making the situation worse, in my opinion,” Mnuchin told CNBC’s Hadley Gamble.
- G-7 nations are set to announce a fixed price cap on Russian oil that is exported through certain Western routes.
- Analysts say it will be vital for key buyers of Russian oil, India and China, to back the cap.
www.cnbc.com/2022/11/18/steve-mnuchin-says-g-7-russian-oil-price-cap-most-ridiculous-idea.html
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