The founder of Andurand Capital Management discussed the best way to sanction Russian energy in an FT opinion piece.
Andurand, who famously called oil's rise to a record $147 a barrel and its subsequent crash in 2008, laid out two ways to achieve this as the West considers how to punish Russia via its energy exports. Europe in particular is heavily reliant upon Russia for both its oil and gas. "Russia could refuse and decide to cut all energy exports to Europe. As a result, though, it would receive no money from Europe and lose all pricing power due to the lack of competition for its exports. This scenario would not be ideal for either party," Andurand wrote in the FT.
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