Russia has called the European Union’s bluff. Since the Russian invasion of Ukraine on Thursday, February 24, the EU and the West have been threatening to slap Russia with crushing sanctions, but have stopped shy of hitting the Kremlin where it really hurts – energy exports. In truth, the European Union was – and is – far too dependent on Russian energy to cut off the supply. In order to avoid a devastatingly pyrrhic energy war with Russia, the EU has been working up to cutting out Russian energy imports in phases –…
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