The European Union introduced a law capping the price of oil - the Russia's main export. It is supposed to help Europe pay a maximum of $60 per barrel, but instead it may ruin the lives of ordinary Europeans. The sanctions, low oil prices and a recession looming in The West, this might have enormous ramifications on the worldwide economy. In this episode, we discuss the price cap and the potential economic crisis facing not only Europe, but the world. This also includes China as well, which is a huge part.

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