IDEAS home Printed from https://ideas.repec.org/p/bre/wpaper/48117.html
   My bibliography  Save this paper

Cutting Putin’s energy rent- ‘smart sanctioning’ Russian oil and gas

Author

Listed:
  • Georg Zachmann
  • Guntram B. Wolff
  • Agata Łoskot-Strachota
  • Simone Tagliapietra
  • Axel Ockenfels
  • Ricardo Hausmann
  • Ulrich Schetter

Abstract

Infrastructure bottlenecks prevent Russia from selling all the oil it wants to bring to market, even at lower prices.

Suggested Citation

  • Georg Zachmann & Guntram B. Wolff & Agata Łoskot-Strachota & Simone Tagliapietra & Axel Ockenfels & Ricardo Hausmann & Ulrich Schetter, 2022. "Cutting Putin’s energy rent- ‘smart sanctioning’ Russian oil and gas," Bruegel Working Papers 48117, Bruegel.
  • Handle: RePEc:bre:wpaper:48117
    as

    Download full text from publisher

    File URL: https://www.bruegel.org/sites/default/files/wp_attachments/WP-05-280422.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Rüdiger Bachmann & David Baqaee & Christian Bayer & Moritz Kuhn & Andreas Löschel & Benjamin Moll & Andreas Peichl & Karen Pittel & Moritz Schularick, 2022. "What if? The economic effects for Germany of a stop of energy imports from Russia," SciencePo Working papers Main hal-03881469, HAL.
    2. Peter Cramton & Axel Ockenfels & Alvin E. Roth & Robert B. Wilson, 2020. "Borrow crisis tactics to get COVID-19 supplies to where they are needed," Nature, Nature, vol. 582(7812), pages 334-336, June.
    3. Mieszkowski, Peter, 1969. "Tax Incidence Theory: The Effects of Taxes on the Distribution of Income," Journal of Economic Literature, American Economic Association, vol. 7(4), pages 1103-1124, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Christian Bayer & Felix Bierbrauer & Axel Ockenfels & Matthias Sutter, 2025. "ECONtribute: Markets & Public Policy: Agenda und ausgewählte Forschungsschwerpunkte," ECONtribute Discussion Papers Series 352, University of Bonn and University of Cologne, Germany.
    2. Axel Ockenfels, 2022. "Marktdesign für die Gasmangellage [Market Design for a Gas Shortage]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 102(11), pages 855-857, November.
    3. Jie Feng & Jian Li & Wuyang Hu & Gucheng Li, 2022. "Public Interest, Risk, Trust, and Personal Protective Equipment Purchase and Usage: Face Masks Amid the COVID-19 Pandemic," IJERPH, MDPI, vol. 19(9), pages 1-16, May.
    4. Marco Flaccadoro, 2024. "The recent weakness in the German manufacturing sector," Questioni di Economia e Finanza (Occasional Papers) 902, Bank of Italy, Economic Research and International Relations Area.
    5. Erik Braun & Emese Braun & András Gyimesi & Zita Iloskics & Tamás Sebestyén, 2023. "Exposure to trade disruptions in case of the Russia–Ukraine conflict: A product network approach," The World Economy, Wiley Blackwell, vol. 46(10), pages 2950-2982, October.
    6. Jochen Güntner & Magnus Reif & Maik Wolters, 2024. "Sudden stop: Supply and demand shocks in the German natural gas market," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 39(7), pages 1282-1300, November.
    7. Alessandro Borin & Francesco Paolo Conteduca & Enrica Di Stefano & Vanessa Gunnella & Michele Mancini & Ludovic Panon, 2022. "Quantitative assessment of the economic impact of the trade disruptions following the Russian invasion of Ukraine," Questioni di Economia e Finanza (Occasional Papers) 700, Bank of Italy, Economic Research and International Relations Area.
    8. Felbermayr Gabriel & Janeba Eckhard, 2024. "Improving Supply Security: Guidelines and Policy Proposals," Intereconomics: Review of European Economic Policy, Sciendo, vol. 59(3), pages 146-153.
    9. Vasily Astrov & Mahdi Ghodsi & Richard Grieveson & Mario Holzner & Artem Kochnev & Michael Landesmann & Olga Pindyuk & Robert Stehrer & Maryna Tverdostup & Alexandra Bykova, 2022. "Russia’s invasion of Ukraine: assessment of the humanitarian, economic, and financial impact in the short and medium term," International Economics and Economic Policy, Springer, vol. 19(2), pages 331-381, May.
    10. Baqaee, David & Hinz, Julian & Moll, Benjamin & Schularick, Moritz & Teti, Feodora A. & Wanner, Joschka & Yang, Sihwan, 2024. "Was wäre wenn? Die Auswirkungen einer harten Abkopplung von China auf die deutsche Wirtschaft [What if? The effects of a hard decoupling from China on the German economy]," Kiel Policy Brief 170, Kiel Institute for the World Economy (IfW Kiel).
    11. Braakmann, Nils & Dursun, Bahadir & Pickard, Harry, 2023. "Energy Price Shocks and the Demand for Energy-Efficient Housing: Evidence from Russia's Invasion of Ukraine," IZA Discussion Papers 15959, Institute of Labor Economics (IZA).
    12. Saadia Refaqat, 2005. "Redistributive Impact of GST Tax Reform: Pakistan, 1990-2001," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 44(4), pages 841-862.
    13. Dalvit,Nicolo & Iootty De Paiva Dias,Mariana & Melecky,Martin & Srinivasan,Nithya, 2023. "Russia’s Invasion of Ukraine and Firm Performance in Central Asia : The Role of Export Links and Digital Gains," Policy Research Working Paper Series 10557, The World Bank.
    14. Mavrigiannakis, Konstantinos & Sakkas, Stelios, 2024. "EU sanctions on Russia and implications for a small open economy: the case of Cyprus," LSE Research Online Documents on Economics 125336, London School of Economics and Political Science, LSE Library.
    15. Borin, Alessandro & Conteduca, Francesco Paolo & Di Stefano, Enrica & Gunnella, Vanessa & Mancini, Michele & Panon, Ludovic, 2023. "Trade decoupling from Russia," International Economics, Elsevier, vol. 175(C), pages 25-44.
    16. Veronika Grimm & Andreas Löschel & Karen Pittel, 2022. "Die Folgen eines russischen Erdgasembargos [The Consequences of an Embargo on Russian Gas]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 102(4), pages 251-255, April.
    17. Marvin Frankel, 1978. "Discretionary Pricing and Tax Shifting," Public Finance Review, , vol. 6(1), pages 3-22, January.
    18. Simone Emiliozzi & Fabrizio Ferriani & Andrea Gazzani, 2025. "The European Energy Crisis and the Consequences for the Global Natural Gas Market," The Energy Journal, , vol. 46(1), pages 119-145, January.
    19. Jochen Güntner & Michael Irlacher & Peter Öhlinger, 2023. "Not All Oil Types Are Alike," CESifo Working Paper Series 10652, CESifo.
    20. Markus Dertwinkel-Kalt & Christian Wey, 2022. "Why “Energy Price Brakes” Encourage Moral Hazard, Raise Energy Prices, and Reinforce Energy Savings," CESifo Working Paper Series 10163, CESifo.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bre:wpaper:48117. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Conor Brummel The email address of this maintainer does not seem to be valid anymore. Please ask Conor Brummel to update the entry or send us the correct address (email available below). General contact details of provider: https://edirc.repec.org/data/bruegbe.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.