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Pressure mounts on Europe for total Russian energy embargo

2022-04-19 | Japan: Foreign affairs

 

According to the Axios, pressure is mounting for the European Union to do the unthinkable: cut off imports of Russian oil and gas, which have been flowing to the West through all manner of crises for decades.

No one quite knows what happens economically if the EU is cut off from its supply. "It's not something that's been in the models because it was never considered an option," said Antoine Halff, senior research scholar at the Center on Global Energy Policy, Columbia University.

While specific predictions are hard to nail down, there is consensus that a full energy embargo would throw the EU into recession and have ramifications geopolitically, as well.

https://youtu.be/bGL4oLf5snU



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