Trade diversion has helped ease the impact of the embargo on Russian oil

Lutz Kilian and Kunal Patel
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Lutz Kilian: https://www.dallasfed.org/research/economists/kilian

Dallas Fed Economics from Federal Reserve Bank of Dallas

Abstract: Much has been made about the effect of Russia’s invasion of Ukraine on the price of oil. However, the price of oil was already drifting upward well before the invasion in late February 2022.

Keywords: energy; trade (search for similar items in EconPapers)
Date: 2023-02-21
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Persistent link: https://EconPapers.repec.org/RePEc:fip:d00001:95713

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