The Russian oil price ceiling will not work without the participation of emerging economies, the World Bank

The Russian oil price ceiling will not work without the participation of emerging economies, the World Bank
Photo by Jonathan Kemper / Unsplash

Recall that now a very large supply of Russian oil goes to India and China. The terms of trade with Russia are already very favorable for them. And the risks of supply interruption due to the ceiling support will greatly slow down the growth of Asian economies.