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Business Matters: Capping Russia's oil: EU moves to limit Moscow's profits from exports

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03/12/2022 GMT

Capping Russia's oil: EU moves to limit Moscow's profits from exports

BBC World Service - Business Matters, Capping Russia's oil: EU moves to limit Moscow's profits from exports

Poland has removed the last objection to crack down on Russian oil

$60 a barrel price cap on Russian oil to take effect as Poland gives go ahead

Europe is cracking down on Russian oil and Poland is now backing a policy that should radically reduce the income Moscow gets from its oil. So how is it going to work?

The US jobs market stays strong - but what about all the Americans still staying at home because of long Covid?

Also on the programme, the right wing talk show host Alex Jones files for bankrutpcy as he faces paying more than a billion dollars in damages.

Plus - 30 years after the first text message - how a few short words have changed all our lives

Roger Hearing is joined throughout the programme by Peter Ryan, ABC Australia senior business correspondent - who's in Sydney,  and Betsey Stevenson, former Member of President Obama’s Council of Economic Advisers & Chief Economist at the US Labour department, now professor of public policy and economics at the University of Michigan. She joins from Ann Arbor. (Picture: Drilling rig and support vessel on offshore area; Credit: Getty Images)

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