EU Sanctions Russia by Paying More for Fuel

The latest package of sanctions approved by Brussels with the purpose of making yet another attempt to force Russia to pull out of Ukraine, focuses on energy. The argument: income from energy exports fuels the war. The problem: there is no sanction package that the EU can come up with that can stop Russian energy exports. When the EU first banned Russian oil imports and set a price cap for Russian oil exporters should they wish to use Western vessels and insurance, Indian refiners must have cheered. India imports 85% of the crude it uses. Once…