Great write up of the immediate impacts of the Jan. 10 sanctions. In sum, global oil prices stable and a large increase in the share of Russia's shadow fleet subject to sanctions. Hopefully, this puts downward pressure on Russian revenues.
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Ben Harris
In a new blog, Robin Brooks and I show that January 10th sanctions on 183 Russian tankers cover a massive 75 percent of oil exports from Russia’s Pacific ports. Despite targeting substantially more ships than all previous Russia sanctions combined, oil prices have barely risen.
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