Blog Post
The EU needs transparent oil data and enhanced coordination
The EU lacks the coordination structure and transparent data necessary to most effectively navigate an embargo on Russian oil.
Blog Post
The EU lacks the coordination structure and transparent data necessary to most effectively navigate an embargo on Russian oil.
Opinion
Even at this late hour, the European Union should consider taking a different path.
Opinion
A tariff on imports of Russian fossil fuels would allow Europe to hit Russia's energy sector without great suffering.
External Publication
Letter published in Science.
Opinion
A punitive tariff on all energy imports from Russia would be a better choice than a gradually phased-in embargo on selected fuels.
Blog Post
The European Union should apply a tariff on imports of Russian oil; it can be accompanied by a quota for a gradual, conditional phase-out of all Russian oil imports.
Opinion
The 2 May meeting of EU energy ministers should deliver strong and common EU action. Failing to do so would undermine Europe’s unity, energy security and foreign policy.
Working Paper
The most efficient way for Europe to sanction Russian energy would not be an embargo, but the introduction of an import tariff that can be used flexibly to control the degree of economic pressure on Russia.
Blog Post
Even before Russia’s invasion of Ukraine, high natural gas prices triggered an estimated European Union demand cut of about 7%.
Blog Post
Global food production will be sufficient to feed the global population this year. But export bans, high prices and increasing transport cost might prevent vulnerable countries from procuring sufficient food supplies. Measures to ensure global access to scarcer food supplies and to boost grain production are warranted.
Blog Post
A stop to Russian oil and coal supplies would push Europe into a short and painful adjustment period. But if managed well, disruptions would remain temporary.