Following the start of the Russia-Ukraine war in 2022, Europe, the U.S., and other G7 nations instituted sanctions on Russia such as a ban on purchases of Russian oil and gas, price caps on Russian oil, and a ban on insurance for freighters carrying Russian oil.
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The Negligible Effect of Russian Sanctions
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Following the start of the Russia-Ukraine war in 2022, Europe, the U.S., and other G7 nations instituted sanctions on Russia such as a ban on purchases of Russian oil and gas, price caps on Russian oil, and a ban on insurance for freighters carrying Russian oil.