Tighter sanctions that undercut Russian countermeasures can slash Kremlin revenues by 20% annually
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But that would also raise the price of oil for people and companies, which may cause political crises in the EU. As an example, the gas and electricity price crisis that happened in 2022. https://en.wikipedia.org/wiki/Global_energy_crisis_(2021–2023)
It does make you wonder who benefits from the anti-EV and anti-heatpump campaigns we’ve seen roll across Europe over the past few years, given how those are two major tools to lessen dependence on oil/gas.
The big one is LNG. The EUs total imports of LNG have fallen, but imports from Russia went up.
https://www.ft.com/content/ef4230c1-befa-4053-97b2-397c69c20002
https://ieefa.org/articles/europes-lng-imports-decline-19-gas-demand-11-year-low
