Current tactics risk $150/b oil, $6/gal gasoline Import tariffs, transfer caps among options Energy sanctions against Russia need to be reconfigured to better target the country’s revenues from oil and natural gas trade rather than stifling export volumes and in turn sending global oil markets and domestic fuel prices skyrocketing, energy experts and diplomats said June 10. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “The jump in oil prices meant that Russian oil revenue did not suffer, has not suffered even though it has to offer discounts to move barrels,” Edward Chow, senior associate in the Energy Security and Climate Change Program at the Center for Strategic and International Studies, said during a discussion hosted by the Atlantic Council. The decision by the US and its allies to forego direct military intervention to stop Russia’s war against Ukraine made economic sanctions “a second-best […]