The West's oil price cap is $65-70 per barrel, way above $20 cost Russia incures to produce oil

The West has agreed upon a price cap for Russian oil at $65-70 per barrel, well above the $20 cost per barrel Russia incures to produce it.

Here's the links:
https://www.rt.com/business/567012-treasury-guidelines-russian-oil/

https://www.rt.com/business/567029-eu-russia-oil-price-cap/

https://www.rt.com/business/567055-oil-price-cap-russia-eu/

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