After months of negotiations, Western nations and their allies have agreed to cap the price of seaborne Russian oil at $60 a barrel.
They hope it will reduce Moscow's ability to fund its war in Ukraine.
A spokesman says Russia won't accept the move, while Ukraine's president wants the price to be lowered to $30 a barrel.

So what will the cap achieve?

Presenter: Dareen Abughaida

Guests:

Sergei Markov - Director, Institute of Political Studies

Ulrich Brueckner - Professor of Political Science, Stanford University in Berlin

Chris Weafer - CEO of Macro-Advisory, a consultancy focused on Russia and Eurasia

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