Summers Says Price Caps on Russian Energy Should Be Tightened
- Former Treasury secretary cites limited impact of sanctions
- G-7, EU countries set price caps in response to war on Ukraine
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Former US Treasury Secretary Lawrence Summers said price caps on Russian energy should be tightened as part of sanctions for the war in Ukraine.
Economic sanctions on Russia “haven’t really bitten that hard” because countries such as China, India and Turkey haven’t joined in, Summers said in an interview on CNN’s “Fareed Zakaria GPS” broadcast Sunday.