Price caps won’t help. Three steps to break Russia’s oil and gas “needle”

Russia's oil and gas revenues can be significantly reduced. The G7 proposes a new sanctions model by limiting the prices of Russian oil and gas. But it will not help

The international club of seven most developed countries of the world — G7 — was established after the oil crisis of 1973 to find common solutions for various global challenges.

The agenda of this year's 48th G7 summit, held on 26–28 June 2022 in Germany, effectively recognised Russia’s criminal regime as the main challenge to humanity, as it aims to destroy the unity of the EU and NATO for the economic expansion of the PRC through war on the European continent, the global food crisis and recession.

Maksym Bielawski

Leading Expert, Energy Programmes

Born in 1986 in Zhytomyr oblast


Zhytomyr State Technological University (2008)

Ph.D in Technical Science (2010)

Ivano-Frankivsk National Technical University of Oil and Gas (2012)

Author of 17 patents and 100 scientific works

Work Experience:

2008 – 2011 — Operator of Gas Infrastructure Units, Controller of Gas Transmission System in Rivne Division of PJSC "Ukrtransgas"

2011 – 2017 — Leading Engineer, Deputy Head of Press-Service, Head of Public Relation Department of PJSC "Ukrtransgas"

2017 – 2018 — HR Director of PJSC "Maine Gas Pipelines of Ukraine", Advisor to the Minister of Energy and Coal Industry of Ukraine

2021 — Director of Integrated Communications of NJSC "Naftogaz of Ukraine"