UChicago – Oil and War in Ukraine: An Inside Look at the Historic Effort to Cap Russian Oil Revenue
In the immediate aftermath of Russia’s invasion of Ukraine, the United States and its European partners imposed a wide-ranging package of economic and financial sanctions intended to end Russian aggression and bring the war to a close. On December 3, 2022, in a novel effort to reduce Russian oil revenues, the United States and other G-7 countries enacted a mandatory cap on the price Russia receives for its oil exports at $60/barrel.
On January 24, join the Becker Friedman Institute and Energy Policy Institute at the University of Chicago for a discussion on the implementation of the Russian oil price cap. Is it achieving its desired outcomes? Are there unintended consequences of this effort, and what are the prospects for ending the war? Ben Harris, Assistant Secretary for Economic Policy and Counselor to the Secretary, US Department of Treasury, will give featured remarks, and then join a panel of experts for a roundtable discussion. Following the roundtable, the participants will take questions from the audience.
This is an in-person only event. Video will be made available via BFI’s Youtube channel following the discussion.