Markets
Andurand Floats Idea of 100% Tax for Squeezing Russian Oil Cash
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For Europe, the biggest barrier to sanctioning Russian oil is the economic pain the continent would need to suffer. But one star hedge fund trader sees a way to soften the blow.
Pierre Andurand, whose commodity fund made 109% in the first three months of the year, said on Twitter that instead of banning Russian barrels outright, European governments could impose a tax of 100%.