Wachtmeister, Henrik; Gars, Johan; Spiro, Daniel - 2023
A price cap on Russian crude oil, at 60 USD/barrel, was implemented in December 2022. Using parsimonious modeling and … detailed Russian oil-field data, this paper studies the price cap’s impact on the Russian economy, global winners and losers … and how a cap at different levels affects these dynamics as well as the potential for Russian retaliation. A cap at 60 USD …