Russian Coal Ban Leaves Europe Even More Vulnerable To Rising Energy Prices

The world was already struggling to combat a global energy supply squeeze well before the Russian invasion of Ukraine. Now, as world powers seek to condemn the Kremlin’s actions in Ukraine by crippling the Russian economy, it’s becoming increasingly clear that energy sanctions will be a necessary part of any meaningful global response. In order to hit Russia where it hurts, however, those doing the sanctioning are also going to feel an economic backlash as the exit of Russian oil, coal, and gas from the global energy supply leaves many…