Nick Schifrin:
For extra on the newest spherical of sanctions from the G7 on Russia, we flip to Alina Polyakova, president of the Heart for European Coverage Evaluation, a nonpartisan group that seeks to advertise U.S.-European relations and democratic values.
Alina Polyakova, welcome again to the “NewsHour.” Thanks very a lot
U.S. officers mentioned as we speak {that a} value cap on Russian oil was among the many most essential steps that they had been going to take from the G7. How would that work? And will it truly cut back Russian revenue?
Alina Polyakova, Director, Heart for European Coverage Evaluation: Properly, it is nice to be again on the present, Nick, as all the time.
On the cap on the oil, it’s totally unclear how that may be applied in actual phrases. Russia has expanded considerably its exports to Asia, significantly India and China. It has been promoting discounted vitality, particularly oil, to these international locations which were fortunately shopping for it up, it appears, as Europe begins to chop down on its vitality imports from Russia.
So imposing a cap, the place you solely have the G7 concerned and never these different international locations, looks as if it’ll be very, very troublesome.
