Oil and gas exports revenues, estimated at around USD 1 billion per day, represent Russia’s key geopolitical and economic strength. The European Union is the first buyer of Russian oil and gas. The Letter argues that to weaken Russian oil and gas strength while minimizing impacts on its own economy, the EU should rapidly introduce a tariff on Russian oil and gas imports. The tariff can be adapted to the economic and political dynamics of the conflicts.
Hausmann, R., Łoskot-Strachota, A., Ockenfels, A., Schetter, U., Tagliapietra, S., Wolff, G., Zachmannauthors, G., How to weaken Russian oil and gas strength, <<SCIENCE>>, 376; 376 (6592): 468-469. [doi:10.1126/science.abq4436] [https://hdl.handle.net/10807/221487]
How to weaken Russian oil and gas strength
Tagliapietra, Simone
Membro del Collaboration Group
;
2022
Abstract
Oil and gas exports revenues, estimated at around USD 1 billion per day, represent Russia’s key geopolitical and economic strength. The European Union is the first buyer of Russian oil and gas. The Letter argues that to weaken Russian oil and gas strength while minimizing impacts on its own economy, the EU should rapidly introduce a tariff on Russian oil and gas imports. The tariff can be adapted to the economic and political dynamics of the conflicts.
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