US Official Says G-7 Price Cap on Russian Oil Is Working

The video discusses the implementation and impact of the price cap on Russian oil, aimed at reducing Russia's revenue while maintaining global oil supply. It highlights the challenges and breaches in the system, the economic impact on Russia, and the broader sanctions by the Western coalition. The discussion also covers the resilience of the US economy, potential global risks, and the role of the G20 in addressing these issues.

What are the two main goals of the price cap on Russian oil?

How has the price cap affected Russia's oil revenue since its implementation?

What are the implications of Russia's ability to sell oil above the price cap?

What is the significance of the G7 in relation to the price cap?

How do breaches of the price cap by G7 actors impact its effectiveness?

In what ways has the price cap been described as an innovative tool of economic statecraft?

What are the potential risks to the US economy mentioned in relation to external factors?