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.