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VIDEO INTRODUCTION:
Starting from 5th of December 2022, the European Union implemented a masterplan to impose something called the oil price cap on the Russia. So from 5th onwards, they would limit the purchase of oil at 60 dollars a barrel.
And this has sent yet another shock wave all across the world!!! Why?? Because in response to that Russia has announced a ban on all oil exports to g7 and all other countries that follow this price cap!!!
This is what marks the beginning of yet another round of economic warfare between Russia and 8 of the most powerful countries in the world including Canada, France, Germany, Italy, Japan, UK, United States and even Australia.
And just like the gas war and sanctions this economic battle is going to have a lasting impact on India, China and every other country in the world. And India literally stands on the thin line of diplomacy between these critical economic warfare. So the question is, Who is going to win this economic warfare and How is it going to affect India?
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#thinkschool #businesscasestudy Credits: CNN-News 18, WION, NBC News, Money control pro, Business standard, TV18,Business Today, ABC news, CNBC, ET now ,Bloomberg originals, Financial Times, DW documentary, AL Jazeera English, BBC news, Firstpost. Fair use - This video is for educational purposes only. All materials used in this video, including images, audio, and video clips, are the property of their respective owners and are used here under the doctrine of fair use. This video is intended to provide commentary, criticism, research, and education on the subject matter. We believe this constitutes a fair use of any such copyrighted material as provided for in Section 107 of the US Copyright Law.
