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The G7 countries have proposed a price cap to the price paid for Russian oil.This is in itself a violation of the rules of the free market, however, there are other specific reasons why it may not work.

- There are large countries such as China and India that will probably not abide by it.

- Russia will not sell its oil to countries participating in the cap. 

- Measures to circumvent the sanctions will be developed by the same countries implementing the cap.

- If the cap were to succeed as a sanction to Russia, Arab countries may be the next in line when G7 countries decide what the oil price should be.

- Pressure by industries that would see a loss in revenue such as shipping industries in Greece, Malta and Cyprus

For further information, read this [article](https://www.zerohedge.com/markets/ridiculous-reality-russian-oil-price-cap-debate-one-picture)

###### This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.