The price cap imposed by the European Union, the Group of Seven leading industrial nations and Australia on seaborne Russian crude oil is an unprecedented diplomatic measure, a Northeastern University expert says, but it might be followed by a more complete embargo in the future.
“Each round of sanctions [against Russia] is hard fought, and it’s quite impressive that they are able to negotiate through this. It is testimony to the scale of their diplomatic apparatus to continually reach new and fresh and more intensive rounds of agreement on sanctions while still having very different relationships to Russia,” says Mai’a Cross, dean’s professor of political science, international affairs and diplomacy and director of Northeastern’s Center for International and World Cultures.
