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COVID-19 Information and Guidance

Should Europe Impose Sanctions on Russian Oil?

By not going after Russia's core exports, NATO allies are leaving Putin with the ability to finance the war in Ukraine even as Russia's economy is squeezed by sanctions, energy fellow Anna Mikulska told Newsweek. "Russian oil continues finding its way to the markets in Europe," she said. "The worry is that already high energy prices in Europe would go even higher if there was a complete embargo on Russian oil and gas, and lead to a major economic downturn."