The Case for a Punitive Tax on Russian Oil by Ricardo Hausmann published by Project Syndicate (2/2022).
“Current demand and supply dynamics mean that a punitive tax on Russian oil would be both onerous for Russia and profitable for the rest of the world, making it more credible and sustainable than an embargo. The idea deserves considerably more attention than it has received.
CAMBRIDGE – As I write, Russia’s army has entered Ukraine’s capital, Kyiv. It is clear now that the threat of sanctions did not dissuade Russian President Vladimir Putin from launching his invasion. But making good on the threat can still play two other roles: Sanctions can limit Russia’s capacity to project power by weakening its economy, and they can create a precedent that might influence Putin’s future behavior vis-à-vis other countries such as Georgia, Moldova, and the Baltic states…”
