Commentary The proposals of the European Union and the United States to implement a complete energy embargo on Russia must consider the reality: Asia is importing all that Russia can offer. China, India, and the main Asian economies will send Russian exports to a decade high, according to the Financial Times. In fact, Russia’s trade…
Europe Adopts ‘Substantial’ Fifth Round of Sanctions Against Russia, Blocks Coal Imports
April 8, 2022
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Business & Economycoal embargoeconomic policiesEuropeMarketsNew Sanctions on RussiaRussia-Ukraine WarRussian embargorussian oligarchsWorld
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Nations in the European Union approved an embargo on Russian coal and closed the bloc’s ports to Russian vessels as part of a fifth round of sanctions following allegations of Russian soldiers executing civilians in Ukraine. The French EU Council presidency said in a series of tweets on April 8 that the latest “very substantial…
European Union States Push For Sanctions on Russian Energy
March 21, 2022
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Business & EconomyEuropeLithuaniaMarketsRussia-Ukraine WarRussian embargorussian gasrussian importsWorld
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Some members of the European Union are demanding sanctions to be imposed on energy imports from Russia on account of Moscow’s invasion of Ukraine while the price of oil rebounds amidst fears of new sanctions, the ongoing war, and supply issues. “Looking at the extent of the destruction in Ukraine right now, it’s very hard…
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