In the wake of Russia’s 2022 invasion of Ukraine, a coalition of the G7, EU, and Australia implemented a price cap on Russian oil and refined products. The price cap was successful in its early stages. However, Russia has built up a “shadow fleet” of aging tankers, allowing it to export oil above the cap, boosting its economy and tax revenues.
Robin Brooks and Ben Harris call for the United States to sanction 15 Russian oil tankers that are particularly active. They argue that this move will meaningfully reduce Russia’s oil revenue, with little to no impact on global oil prices.
Facts about the economics of education. “In a moment of declining enrollment and declining family confidence in traditional public schools, the need to invest in education innovation and proven strategies is stronger than ever.” Sofoklis Goulas shares 12 important things to know about the state of U.S. education.
Flow security risks in an age of disruption. Amid significant changes to environmental, technological, and human flows, Daniel S. Hamilton explains how NATO can address today’s complex security issues.
About Brookings
The Brookings Institution is a nonprofit organization based in Washington, D.C. Our mission is to conduct in-depth, nonpartisan research to improve policy and governance at local, national, and global levels. If you were forwarded this email, sign up for the Brookings Brief to stay updated on our latest work.
The Brookings Institution,1775 Massachusetts Ave NW, Washington, DC 20036
The conclusions and recommendations of any Brookings publication are solely those of its author(s), and do not reflect the views of the Institution, its management, or its other scholars.
