Putin: Europe Committing “Economic Suicide” With Energy Sanctions

If Europe were to ban crude oil and natural gas from Russia, it would be committing “economic suicide”, Russian President Vladimir Putin said on Tuesday. Putin added that attempting to reduce energy supplies from Russia would harm Europe, not Russia, and would raise inflation and send high energy prices even higher. Not only would such a move hurt Europe and not hurt Russia, but it would also actually add to Russia’s bottom line by increasing the price of crude oil that it exports, Putin said on Tuesday. Since Russia invaded Ukraine,…