The Consequences of an Embargo on Russian Gas
Abstract Sanctions and their effectiveness are at the centre of the discussion about an appropriate response to Russia’s war of aggression against Ukraine. At the latest since the atrocities of the war became evident and payment for gas supplies in roubles was brought into play, voices calling for a...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | deu |
| Published: |
Sciendo
2022-04-01
|
| Series: | Wirtschaftsdienst |
| Online Access: | https://doi.org/10.1007/s10273-022-3151-2 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1832569800931409920 |
|---|---|
| author | Veronika Grimm Andreas Löschel Karen Pittel |
| author_facet | Veronika Grimm Andreas Löschel Karen Pittel |
| author_sort | Veronika Grimm |
| collection | DOAJ |
| description | Abstract Sanctions and their effectiveness are at the centre of the discussion about an appropriate response to Russia’s war of aggression against Ukraine. At the latest since the atrocities of the war became evident and payment for gas supplies in roubles was brought into play, voices calling for a natural gas embargo have been growing. In the discussion about the possible consequences of such an embargo, forecasts vary from serious but manageable effects on economic development to mass unemployment and deindustrialisation. Regarding the short run, the main question is: How much of Russian natural gas supply can be replaced and saved by next winter. We provide an overview of existing analyses on savings and substitution potentials, followed by some fundamental policy principles aimed at dealing with a halt in Russian natural gas supplies. |
| format | Article |
| id | doaj-art-69d3edd245f3426487e2c74af3cf450a |
| institution | Kabale University |
| issn | 1613-978X |
| language | deu |
| publishDate | 2022-04-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Wirtschaftsdienst |
| spelling | doaj-art-69d3edd245f3426487e2c74af3cf450a2025-02-02T19:42:05ZdeuSciendoWirtschaftsdienst1613-978X2022-04-01102425125510.1007/s10273-022-3151-2The Consequences of an Embargo on Russian GasVeronika Grimm0Andreas Löschel1Karen Pittel2FB Wirtschafts- und Sozialwissenschaften, Friedrich-Alexander-Universität Erlangen-NürnbergRuhr-Universität Bochum (RUB)ifo Zentrum für Energie, Klima und RessourcenAbstract Sanctions and their effectiveness are at the centre of the discussion about an appropriate response to Russia’s war of aggression against Ukraine. At the latest since the atrocities of the war became evident and payment for gas supplies in roubles was brought into play, voices calling for a natural gas embargo have been growing. In the discussion about the possible consequences of such an embargo, forecasts vary from serious but manageable effects on economic development to mass unemployment and deindustrialisation. Regarding the short run, the main question is: How much of Russian natural gas supply can be replaced and saved by next winter. We provide an overview of existing analyses on savings and substitution potentials, followed by some fundamental policy principles aimed at dealing with a halt in Russian natural gas supplies.https://doi.org/10.1007/s10273-022-3151-2 |
| spellingShingle | Veronika Grimm Andreas Löschel Karen Pittel The Consequences of an Embargo on Russian Gas Wirtschaftsdienst |
| title | The Consequences of an Embargo on Russian Gas |
| title_full | The Consequences of an Embargo on Russian Gas |
| title_fullStr | The Consequences of an Embargo on Russian Gas |
| title_full_unstemmed | The Consequences of an Embargo on Russian Gas |
| title_short | The Consequences of an Embargo on Russian Gas |
| title_sort | consequences of an embargo on russian gas |
| url | https://doi.org/10.1007/s10273-022-3151-2 |
| work_keys_str_mv | AT veronikagrimm theconsequencesofanembargoonrussiangas AT andreasloschel theconsequencesofanembargoonrussiangas AT karenpittel theconsequencesofanembargoonrussiangas AT veronikagrimm consequencesofanembargoonrussiangas AT andreasloschel consequencesofanembargoonrussiangas AT karenpittel consequencesofanembargoonrussiangas |