InFocus: Will G7's price cap on Russian oil work?

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03:19

The G7, as well as Australia, and the EU's price cap on Russian crude oil, has come into force. They've agreed to restrict the price of Russian oil to $60 a barrel, just slightly below the current price of $64 U.S. dollars. The goal is to hit Russia with yet another round of economic sanctions. But the question is—- will the cap really achieve their objectives?