The world continues to buy billions of dollars worth of Russian oil and gas, giving the Kremlin a financial lifeline
In a statement on behalf of the 27-nation bloc, Josep Borrell, the EU’s chief foreign envoy, laid the blame for the “haunting images of large numbers of civilian casualties” at the feet of the occupying Russian forces, and said the EU will work on further sanctions “as a matter of urgency.”
“This should open the eyes of those in the West that we should push harder on sanctions. There is no excuse to continue funneling billions of dollars to Putin through oil and gas sales,” said Edward Fishman, a former State Department official who worked on Russia sanctions policy during the Obama administration. “I’m confident we will end up with maximalist 10 out of 10, Iran-style sanctions on Russia. Events like this galvanize the West to do so. … I don’t see any rationale in waiting.
New EU sanctions will be discussed over the next few days, according to French President Emmanuel Macron, who called for “very clear measures.”Article content Germany and a few other member states that are dependent on Russian gas have opposed sanctioning the energy sector, as well as its maritime trade and other key industries. EU sanctions require unanimous support.Article contentIn a statement to reporters in Berlin on Sunday, Chancellor Olaf Scholz said Germany and its allies will agree “further measures” against Russia in coming days, without providing details.
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