TY  - BOOK
AU  - Riley,Alan
ED  - Fundación CIDOB
TI  - Playing the oil lever:  : the EU and US together can strip Moscow of its oil revenues
T2  - CIDOB Opinión
PY  - 2022///
CY  - Barcelona
PB  -  : CIDOB Barcelona Centre for International Affairs
KW  - Petróleo
KW  - Combustible
KW  - Guerra
KW  - Conflicto entre Rusia y Ucrania
KW  - Profesional de la información
KW  - Ucrania
KW  - Rusia
KW  - Países de la Unión Europea
N2  - The EU and US has more leverage that first appears to deny or strip Moscow
of its oil revenues. And it can take such steps knowing that there will be only
a limited economic impact on European consumers. Russian oil exports to
the European Union are approximately 3 million barrels per day(mbd). Total
Russian oil exports are around 5mbd which provide 40% of all Russian tax
revenues. The oil sold into the EU is heavy Urals crude, which European
refineries are fitted out to take. As a result of the nature of Russian oil sold to
Europe, Moscow would face heavy switching costs to sell that oil anywhere
else. At the same time the EU and US, together allied states in the IEA have 1.5
billion barrels in the Strategic Petroleum Reserve (SPR). It would be possible
therefore to shut off Russian oil exports to the EU, and thereby closing
access to 3/5th of Russian tax revenues from its oil exports. Such a decisive
step would rapidly undermine the capacity of the Russian state to wage war
without imposing enormous costs on the EU or the US
UR  - https://mpr.orex.es/cgi-bin/koha/opac-retrieve-file.pl?id=2c3eb476d275c335879b6eb7d12e9c3f
ER  -