Columbia Energy Exchange

Last week, President Trump announced that he was imposing significant new sanctions on Russia. It's an effort to cut off revenue Russia needs for its war in Ukraine. This comes at a time when Russia's oil industry is also under pressure from intensifying Ukrainian attacks on refineries, crude pipelines, and export terminals.  It's also happening as producers have been ramping up output amid signs of cooling demand growth. Yet the sanctions could still bite. Especially given that the Treasury sanctions announcement came with the explicit warning that secondary sanctions—targeting buyers of Russian crude oil from these companies—could be coming next. So why did Trump take this step now? Will these sanctions be strongly enforced? What's the point of these sanctions? And what do they mean for global energy flows, energy markets and geopolitics?  This week, we are sharing a recording of a Rapid Response webinar from Monday, October 27, in which Jason Bordoff spoke with three experts from the Center on Global Energ