Technology, Economics, And Governance News Roundup | January 6 – 12
Rachel Moltz
Mon, 01/16/2023 – 14:04
In this edition, Oil sanctions are costing Russia millions per day, Putin replaces Russia’s leader of the war in Ukraine, North American countries meet to strengthen economic ties, and Congress is criticized for its lack of tech regulation. Additionally, industrial policy may play a greater role in US innovation, ChatGPT may enable malicious actors, office vacancy increases in major US cities, and the House approves the Select Subcommittee on the Weaponization of the Federal Government.
Industrial Policy & International Security
European Oil Sanction Costing Russian $172 million per day, report says | The Hill
According to a new report by the Centre for Research on Energy and Clean Air, the European Union’s price cap and ban on Russian crude oil is costing the country roughly $172 million per day. On February 5th, the EU’s sanctions will expand to include other refined petroleum products and could bring Russia’s daily losses to $300 million. The EU’s measures, in combination with joint Group of Seven price caps limiting Russia’s sales to $60 per barrel and Germany’s stoppage of imports, resulted in a 17 percent decline in Russia’s December …read more
Source:: Hoover Institution