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Oil and Russia’s War Against Ukraine: The Historic Effort to Cap Russian Oil Revenue

On December 5, G7 countries and Australia implemented a price cap on Russian oil at $60/barrel. If successful, this policy would reduce Russia’s export revenues and reduce its capacity to wage war in Ukraine, while also protecting the global economy. Is it achieving its desired outcomes? Ben Harris, Assistant Secretary for Economic Policy and Counselor to the Secretary at the US Department of Treasury, delivered featured remarks and then joined a panel of experts to discuss the policy. He was joined by Harris Public Policy’s Ryan Kellogg and Konstantin Sonin, and the Washington Post’s Catherine Rampell.

Agenda

Tuesday, January 24, 2023
5:00 pm - 5:30 pm
Reception

Refreshments will be served.

Friedman Hall Pre-Function Room

5:30 pm - 6:00 pm
Welcome and Opening Remarks

Friedman Hall

Michael Greenstone, The Milton Friedman Distinguished Service Professor in Economics and the College, the Kenneth C. Griffin Department of Economics and Harris Public Policy; Director of the UChicago Climate and Energy Institute
Ben Harris, Assistant Secretary for Economic Policy and Counselor to the Secretary, US Department of Treasury
6:00 pm - 7:00 pm
Roundtable Discussion and Q&A

Friedman Hall

Ben Harris, Assistant Secretary for Economic Policy, US Department of Treasury
Ryan Kellogg, Professor and Deputy Dean for Academic Programs, Harris Public Policy
Konstantin Sonin, John Dewey Distinguished Service Professor, Harris Public Policy; Co-Director of BFI Political Economics Initiative
Catherine Rampell, Opinion Columnist, Washington Post (Moderator)