Comment: Europe’s contribution to Putin’s war chest has increased since the invasion began | Business Post

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Comment: Europe’s contribution to Putin’s war chest has increased since the invasion, write Lukasz Rachel and Moritz Schularick.

‘The continued flow of blood-soaked energy money allows Putin to press ahead, dramatically increasing the long-term costs for Europe of containing a revisionist Russia.’ Picture: Getty

Russia’s brutal shelling of Ukrainian cities continues. Thousands are dying, millions are suffering. Yet the West remains paralysed about further action on what matters most: sanctions on Russian energy exports. Absent an immediate and full boycott of Russian gas and oil by Western countries, the best way forward is to commit to a ladder of sanctions that they will climb in a pre-announced fashion over the coming weeks.

 

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