Why The EU Needs To Unleash Oil Sanctions On Russia

Oil markets are on edge over the possibility of new EU sanctions on Russian crude oil and petrochemical products. European public opinion is demanding a much tougher stance from EU governments against Russia, but resistance in Berlin, Budapest, and other capitals has prevented a complete ban on Russian oil imports. As Russian military forces flood into eastern Ukraine, causing immense damage and committing war crimes, EU leaders are worried about the economic and geopolitical cost of a confrontation with Putin’s regime.  Putin’s…