Book contents
- The Russia Sanctions
- The Russia Sanctions
- Copyright page
- Contents
- Acknowledgments
- Introduction
- 1 Before the Invasion
- 2 Invasion
- 3 The Financial Sanctions and Impact on the Global Financial System
- 4 Extraterritoriality
- 5 The Energy Problem
- 6 Trade as a Weapon
- 7 Food Insecurity
- 8 The Oligarchs, and Others
- 9 Escalation
- 10 Enforcement
- 11 Assessing the Sanctions
- Conclusion
- Appendix Selected Jurisdictions/Countries Joining in the 2022 Sanctions Response to Russia
- Notes
- Index
5 - The Energy Problem
Published online by Cambridge University Press: 14 December 2023
Book contents
- The Russia Sanctions
- The Russia Sanctions
- Copyright page
- Contents
- Acknowledgments
- Introduction
- 1 Before the Invasion
- 2 Invasion
- 3 The Financial Sanctions and Impact on the Global Financial System
- 4 Extraterritoriality
- 5 The Energy Problem
- 6 Trade as a Weapon
- 7 Food Insecurity
- 8 The Oligarchs, and Others
- 9 Escalation
- 10 Enforcement
- 11 Assessing the Sanctions
- Conclusion
- Appendix Selected Jurisdictions/Countries Joining in the 2022 Sanctions Response to Russia
- Notes
- Index
Summary
This chapter discusses restrictions on the import of Russian oil and natural gas into the U.S. and Europe. The chapter also situates this discussion in the context of European dependence on Russian energy supplies and resulting difficulties in enacting energy-related sanctions and trade restrictions. It discusses how a price cap was implemented in order to make energy-related sanctions placed on Russia more effective. Finally, it considers how policymakers are attempting to balance current energy needs with longer-term goals like reducing dependence on Russian energy supplies and building towards a more sustainable future.
- Type
- Chapter
- Information
- The Russia SanctionsThe Economic Response to Russia's Invasion of Ukraine, pp. 53 - 65Publisher: Cambridge University PressPrint publication year: 2023