“It’s time to flip off the faucet,” introduced European Fee President Ursula von der Leyen final week, in her nineteenth try to use stress on Russia. The most recent proposed bundle of sanctions features a ban on imports of Russian liquefied pure fuel (LNG) from January 2027 — one yr sooner than beforehand deliberate — and extends sanctions to refineries and oil merchants in third nations, corresponding to China and Russia, accused of serving to Russia circumvent sanctions.
On paper, that is introduced as a decisive step to “reduce Russia’s conflict revenues” and to power Moscow to the negotiating desk. In follow, it’s little greater than the continuation of a coverage that has failed time and time once more. Russia has not been delivered to its knees and has redirected vitality flows elsewhere, whereas Europe has been crippled by greater costs and locked itself right into a place of everlasting dependence on america.
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