Limiting the price of Russian oil is a bad idea that highlights the West’s dependence on Russia, columnist Martin Sandbu wrote in an article for the Financial Times .
He stated that fixing energy prices could upset the market equilibrium, referring to rising energy prices.
Thus, sellers and buyers of oil either do not agree with the US government that sanctions may affect the global oil market, or have already calculated the possible consequences, the observer noted.
“But if you limit the price of oil, then all incentives to save resources will disappear. And this in itself, in addition to the crisis as such, will be harmful,” Sandbu concluded.