MELBOURNE, Australia – Is it right for European countries to continue to pay Russia €1 billion ($1.1 billion) a day for energy when they know that they are funding Russia’s war of aggression against Ukraine?
Last month, Ukrainian President Volodymyr Zelenskyy said that European countries prospering from Russian energy are “earning their money in other people’s blood.” Russia did not need to take peace talks seriously, he suggested, because of the billions it receives for its oil and gas exports. Mikhail Khodorkovsky, the former CEO of the Russian oil company Yukos, now in exile, told the BBC that an embargo on Russian oil and gas would be a serious blow to President Vladimir Putin, causing him “to lose over half his revenue.”
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