Search

Showing 17,141-17,160 of 18,324 items.

The Dynamics of Evasion: The Price Cap on Russian Oil Exports and the Amassing of the Shadow Fleet

By Diego S. Cardoso, Stephen W. Salant, and Julien Daubanes

American Economic Journal: Economic Policy

To reduce Russia’s funding for its Ukraine invasion, Western governments imposed, after a delay, a price ceiling on Russian seaborne oil exports utilizing Western services. To evade that ceiling, Russia developed a “shadow fleet” using no such ser...