{"id":13402,"date":"2022-04-20T15:06:37","date_gmt":"2022-04-20T13:06:37","guid":{"rendered":"https:\/\/c-seb.de\/en\/in-the-media\/three-ways-europe-could-limit-russian-oil-and-gas-revenues\/"},"modified":"2022-04-20T15:46:05","modified_gmt":"2022-04-20T13:46:05","slug":"three-ways-europe-could-limit-russian-oil-and-gas-revenues","status":"publish","type":"post","link":"https:\/\/c-seb.de\/en\/in-the-media\/three-ways-europe-could-limit-russian-oil-and-gas-revenues\/","title":{"rendered":"Three ways Europe could limit Russian oil and gas revenues"},"content":{"rendered":"<h3 class=\"h5\" style=\"color: #33475b;\">Nature, Correspondence Section, 08.04.2022 | Axel Ockenfels, Simone Tagliapietra &#038; Guntram Wolff<\/h3>&#8220;Despite major sanctions on Russia following its invasion of Ukraine, the European Union is still importing almost US$1 billion\u2019s worth of energy per day from Russia. Phasing out Russian gas and oil entirely [&#8230;] is difficult for the EU [&#8230;]. Instead, the EU should directly limit Russian oil and gas revenues by introducing a tariff or setting a price cap on imports, while keeping them flowing. [&#8230;] First, the EU \u2014 Russia\u2019s main fossil-fuel market \u2014 should assemble a large international demand cartel with an unavoidable minimum tariff on Russian energy or a maximum price cap. Second, the EU needs to improve its strategic options to buy oil and gas from elsewhere \u2014 the Middle East, for instance. Third, the EU might use an escrow account [&#8230;] to disburse part of the withheld payments to Russia after the war; a share could go to Ukraine to repair war damage.&#8221;\r\n","protected":false},"excerpt":{"rendered":"<p>Nature, Correspondence Section, 08.04.2022 | Axel Ockenfels, Simone Tagliapietra &#038; Guntram Wolff&#8220;Despite major sanctions on Russia following its invasion of \u2026<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"link","meta":{"_acf_changed":false,"footnotes":""},"categories":[41],"tags":[],"class_list":["post-13402","post","type-post","status-publish","format-link","hentry","category-in-the-media","post_format-post-format-link","years-583","person-ockenfels-axel-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/c-seb.de\/en\/wp-json\/wp\/v2\/posts\/13402","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/c-seb.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/c-seb.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/c-seb.de\/en\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/c-seb.de\/en\/wp-json\/wp\/v2\/comments?post=13402"}],"version-history":[{"count":1,"href":"https:\/\/c-seb.de\/en\/wp-json\/wp\/v2\/posts\/13402\/revisions"}],"predecessor-version":[{"id":13403,"href":"https:\/\/c-seb.de\/en\/wp-json\/wp\/v2\/posts\/13402\/revisions\/13403"}],"wp:attachment":[{"href":"https:\/\/c-seb.de\/en\/wp-json\/wp\/v2\/media?parent=13402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/c-seb.de\/en\/wp-json\/wp\/v2\/categories?post=13402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/c-seb.de\/en\/wp-json\/wp\/v2\/tags?post=13402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}