Europe cannot place an immediate embargo on Russian oil, European Commission President Ursula Von der Leyen has said, as it would allow Moscow to sell its fuel elsewhere and possibly earn more money to fund its military offensive in Ukraine.
“If we would completely, immediately, as of today cut off the [Russian] oil, [Russian President Vladimir] Putin might be able to take the oil that he does not sell to the EU to the world market, where the prices will increase, and sell it for more – and that would fill his war chests,” the EU leader said in an interview with MSNBC earlier this week.
The EU, along with the US and several other Western nations, have placed unprecedented sanctions on Russia over the past three months in response to its military operation in Ukraine, which the West views as an act of unprovoked aggression.