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European fuel tax cuts increase Russian oil profits

Author

Listed:
  • Johan Gars

    (The Royal Swedish Academy of Sciences)

  • Daniel Spiro

    (Uppsala University)

  • Henrik Wachtmeister

    (Uppsala University)

Abstract

European fuel tax cuts will lead to significant income transfers to Russia, thus undermining the Union’s sanction efforts against the country. EU politicians should instead consider alternative policies, such as direct income transfers to households, if they want to shield citizens from increased fuel prices without benefiting Russia.

Suggested Citation

  • Johan Gars & Daniel Spiro & Henrik Wachtmeister, 2022. "European fuel tax cuts increase Russian oil profits," Nature Energy, Nature, vol. 7(10), pages 912-913, October.
    • Handle: RePEc:nat:natene:v:7:y:2022:i:10:d:10.1038_s41560-022-01125-3
    DOI: 10.1038/s41560-022-01125-3
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