Duties on Russian gas will be more effective than hard sanctions
23. Apr 2025 at 16:14
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Slovakia would also be compensated by Slovakia.
Unlike oil, the European Union has not pursued any sanctions for Russian gas. Its export to the EU first intentionally reduced Russian Gazprom, then damage to the Nord Stream 1 and 2 pipeline and finally came the decision Ukraine to stop transit through its territory.
Russian gas is currently in the EU through Turký The Turk Stream pipeline, on which Gazprom also relies on its supplies to Slovakia, and also as liquefied LNG using naval tankers.
The share of Russian gas in the total import of this commodity in the EU fell from more than 40 percent in 2021 to 18 percent in 2024. On the other hand, its imports last year increased by 18 percent.
Sanctions against Russian gas supplies have not yet been introduced because it is clear that politicians in Brussels would not be unanimous. It would certainly be against Slovakia and Hungary.
However, the European Commission is considering alternatives to affect Russian gas. One of them is also imported duties and the opportunity to terminate the contracts with Gazprom prematurely, says Reuters. The procedure for restricting the dependence on Russian gas is to be published by the Commission in early May.
The Brussels Think-Tank Bruegel also recommends that you also impose on the Russian piping gas on LNG CLO instead of a complete embargo or volume quota. How would the duties work and would not pay for them even Slovaks?
In the article you can read:
- How if duties on Russian gas were to work,
- whether they would discourage importers from buying gas from Russia,
- What risks could bring duties.
Councils would also help Slovakia to help Slovakia
After the introduction of duties, Russian gas would become more expensive, but the income from it would end up in the EU cash, and not Russia.
« Importers would pay a fee either as a percentage of the gas value or a certain amount for each cubic meter of gas, » writes Bruegel economists in their own study.
Care duties work by paying final consumers. This should also work for gas, as transit and distribution companies would probably add it to the final price.
This is also confirmed by economists from Bruegel. However, they rely on the revenue from the duties acquired by the EU could be used for the purchase of the purchase non -Russian gas or to support infrastructure for the move away from the Russian commodity. This could be used by Slovakia and Hungary, which are most dependent on Russian gas.
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