Europe Locks In Endgame for Russian Gas And Oil

This marks a remarkable turnaround from the situation in the early aftermath of Russia’s 24 February 2022 invasion of Ukraine. It was obvious to the U.S. and Great Britain that Moscow’s ability to fight the war over the long term would depend on its ability to finance it, and that a key source of this was revenue from Europe’s imports of gas and oil. Moreover, Washington and London believed that the E.U.’s unwillingness to impose meaningful sanctions on Russia when it invaded independent sovereign country G ...