Nature, Correspondence Section, 08.04.2022 | Axel Ockenfels, Simone Tagliapietra & Guntram Wolff

„Despite major sanctions on Russia following its invasion of Ukraine, the European Union is still importing almost US$1 billion’s worth of energy per day from Russia. Phasing out Russian gas and oil entirely […] is difficult for the EU […]. 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. […] First, the EU — Russia’s main fossil-fuel market — 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 — the Middle East, for instance. Third, the EU might use an escrow account […] to disburse part of the withheld payments to Russia after the war; a share could go to Ukraine to repair war damage.“

Link zum Artikel: https://www.nature.com/articles/d41586-022-01008-3