TY  - UNPD
A1  - Berger, Eva M.
A1  - Bialek, Sylwia
A1  - Garnadt, Niklas
A1  - Grimm, Veronika
A1  - Other, Lars
A1  - Salzmann, Leonard
A1  - Schnitzer, Monika
A1  - Truger, Achim
A1  - Wieland, Volker
T1  - A potential sudden stop of energy imports from Russia: Effects on energy security and economic output in Germany and the EU
T2  - Working paper series / Institute for Monetary and Financial Stability ; 166
N2  - The Russian war of aggression against Ukraine since 24 February 2022 has intensified the discussion of Europe’s reliance on energy imports from Russia. A ban on Russian imports of oil, natural gas and coal has already been imposed by the United States, while the United Kingdom plans to cease imports of oil and coal from Russia by the end of 2022. The German Federal Government is currently opposing an energy embargo against Russia. However, the Federal Ministry for Economic Affairs and Climate Action is working on a strategy to reduce energy imports from Russia. In this paper, the authors give an overview of the German and European reliance on energy imports from Russia with a focus on gas imports and discuss price effects, alternative suppliers of natural gas, and the potential for saving and replacing natural gas. They also provide an overview of estimates of the consequences on the economic outlook if the conflict intensifies.
T3  - Working paper series / Institute for Monetary and Financial Stability - 166 
Y1  - 2022
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/65177
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-651772
UR  - https://www.imfs-frankfurt.de/de/forschung/imfs-working-papers/details/mm_publication/detail/publication/a-potential-sudden-stop-of-energy-imports-from-russia-effects-on-energy-security-and-economic-outpu.html
IS  - April 2022
PB  - Johann Wolfgang Goethe-Univ., Inst. for Monetary and Financial Stability
CY  - Frankfurt am Main
ER  -