Tuesday, March 8, 2022

The UK and The Netherlands join Germany in crying uncle over Russian energy embargo to stop Ukraine war

CNBC here:

Germany, the Netherlands and the U.K. have appeared to back away from a coordinated Western embargo on Russian energy exports, however. ...

Western sanctions imposed on Russia over the invasion have so far been carefully constructed to avoid directly hitting the country’s energy exports, although there are already signs the measures are inadvertently prompting banks and traders to shun Russian crude. ...

“You can’t simply close down use of oil and gas overnight, even from Russia. That’s obviously not something that every country around the world can do,” Johnson said. ...