The cost of hitting Putin in energy preys on leaders’ minds amid high inflation and economic slowdown
President Vladimir Putin of Russia. Western unity will fray without tackling economic pain. Picture: BLOOMBERG
With differences of opinion percolating inside and outside the EU over what an endgame might look like, this doesn’t bode well for the near term. Estonian Prime Minister Kaja Kallas, who now must reassemble her governing coalition after its collapse last week, is keen to keep tightening the screws on Moscow. But she acknowledges everything will get more “difficult” from here — with little chance of a gas embargo in the next raft of restrictions.
And while seizing the yachts and villas of wealthy oligarchs feels good, it’s jarring to see Western firms leaving Russia sell assets to those billionaires who are effectively too big to be sanctioned.
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