In banning Russian coal imports from August onward, the European Union has finally broken the “energy taboo” that had beset its discussions of punitive sanctions against Russia for the war in Ukraine. Yet, the coal ban is not going to hit Russia’s economy very hard. With the clock now ticking as Russia prepares its next offensive in eastern Ukraine, Europe should press ahead and move swiftly toward measures that target Russian oil imports. Western sanctions adopted against Russia since the start of the war in Ukraine have been unprecedented in both scale and scope. They have also been insufficient. Russia’s [...]
Energy
Just before midnight on Monday, Peruvian President Pedro Castillo appeared on television to declare an unprecedented state of emergency for Lima, the capital. All the city’s residents, he said, were to stay indoors for 24 hours, beginning just two hours after his announcement. The controversial decision, which would later be rescinded after protesters ignored it, came in response to widespread demonstrations by truck drivers and transportation syndicates against the spike in fuel prices caused by Russia’s invasion of Ukraine. Peru’s new crisis came just after Sri Lanka’s president declared a state of emergency in his own country. The Indian Ocean nation [...]
Addressing a security forum in Islamabad on Saturday, Pakistan’s army chief of staff, Gen. Qamar Javed Bajwa, condemned Russia’s war in Ukraine in no uncertain terms, describing it as an “invasion” and “aggression against a smaller country that cannot be condoned.” These statements would be uncontroversial had they not contradicted the official position of Pakistan’s civilian government, which is in the midst of a political crisis that also involves the army. Indeed, Pakistan’s ongoing political turmoil—which has seen Prime Minister Imran Khan avoid a vote of no confidence through questionable parliamentary maneuvers, as his coalition and party fracture amid pressure [...]