Skip to Content

EXPLAINER: Why is Europe balking at a ban on Russian energy?

KVIA

By The Associated Press

Shocking pictures from the Ukrainian town of Bucha and accusations of Russian war crimes are building pressure for more sanctions against Moscow. A key potential target: Russian oil and natural gas, and the $850 million that European importers pay for those supplies every day. But it’s not so easy, given Europe’s dependence on Russian energy. Western sanctions so far have targeted Russian banks and companies but spared oil and gas payments because a boycott would cost Europe economic growth and jobs. Some economists propose an alternative: A stiff tariff on Russian energy imports to sap the Kremlin’s revenue.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KVIA ABC 7 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content