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The Impact of the 2022 Oil Embargo and Price Cap on Russian Oil Prices
David Rapson
Federal Reserve Bank of Dallas

How did the 2022 oil embargo and price cap impact Russian oil exports and pricing, particularly in terms of discounts on Urals crude and shifts in bargaining power with India and China? The views in this interview and paper are those of the authors and do not necessarily reflect the views of the Federal Reserve Bank of Dallas or the Federal Reserve System.

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The Impact of the 2022 Oil Embargo and Price Cap on Russian Oil Prices