Oil, the main source of income for the war effort, became the target of two measures to curb Russian income, and both came into force on Monday: the ceiling of 60 dollars per barrel that was agreed between the European Union, the countries of the G7 and Australia, and the embargo of 27 on the purchase of oil made in Russia, which is the second world supplier.

With this action carefully calibrated and negotiated over weeks, Ukraine’s backing allies want to prevent energy dependency from continuing to be weaponized in favor of the Russian war machine. But without causing additional disruption to the global market, ensuring supply, price stability and inflation control. A kind of squaring the circle. The consequence is that these measures are accompanied by blind spots or shadow areas that can compromise their effectiveness.

There are doubts about the scope of this initiative and analysts indicate that we will have to wait to take the pulse of how the markets will react to an unprecedented mechanism and whose application and monitoring can be complex.

When does the $60 per barrel cap apply?

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