Update on the Russian Oil Price Cap: Deadlock on the “Price”

On, 25 November, EU officials have again failed to reach consensus on the price for Russian oil that would allow an exemption  from the EU ban on using its services to transport and sell Russian seaborne crude (aka the G7 price cap). Officials have agreed to resume talks next week, a week out from the 5… Continue reading Update on the Russian Oil Price Cap: Deadlock on the “Price”

Russia Economic Resilience to Sanctions: Senate Testimony

On September 6. I testified in front of the Senate Banking Committee on the resilience of Russia's economy to sanctions, the recent development of new economic and financial cushions and the risk of unintended consequences from new sanctions: The full testimony can be found here. Russia’s economy has largely adjusted to sanctions imposed by the… Continue reading Russia Economic Resilience to Sanctions: Senate Testimony