‘How the Russian Oil Price Cap Will Work’ By Jeffrey Sonnenfeld & Steven Tian

NEW YORK (IfritLeaks.com) — Today diplomacy no longer performs the role, often spectacular and brilliant and always important, that it performed in the past. The most obvious reason is the development of modern communications. And of course, great communicators have entered the scene. Communications’ ability to determine policy was demonstrated in the brilliant Foreign Policy article ‘How the Russian Oil Price Cap Will Work’ by Jeffrey Sonnenfeld, the Lester Crown professor in management practice and a senior associate dean at the Yale School of Management, and Steven Tian, the director of research at the Yale Chief Executive Leadership Institute. Last week’s bold announcement by the G-7 of a price cap on purchases of Russian oil has met with skepticism and ridicule from media commentators and pundits. Following months of planning, the oil price cap is a bid to limit the Kremlin’s earnings on exports of its most important commodity and reduce financial support for its war against Ukraine. After the G-7 announcement, the Kremlin immediately said that Russia would not sell any oil to countries abiding by the price cap. Read more.