What Happens if Europe Actually Sanctions Russian Gas?
Germany/EU/ Russia: German Defense Minister Christine Lambrecht said that Europe needed to consider banning gas imports from Russia following graphic evidence of atrocities committed by Russian forces in Ukraine.Why it Matters: Sanctioning Russian gas supplies would disrupt European manufacturing capacity as well as driving even higher inflation that could last months – if not years. The economic impact would further set back European economic recovery from COVID-19, with ripple effects to other economies in the US, Middle East and Africa. Last week, as talks broke...