Rochelle Toplensky of The Wall Street Journal writes on how energy sanctions would impact Putin.
- Thus far, sanctions against Russia have excluded its energy sector.
- The West buys $350 million worth of Russian crude daily, which is funding Putin’s military operations.
- By sanctioning Russia’s oil and natural gas, the world can target Putin’s economic safety nets in a meaningful way.
- The United States and Europe can survive sanctions on Russian energy by increasing energy competition, diversification, and consumer choice.
Read the full article here.