EU to Debate Ways to Drain Putin’s War Chest of Energy Funds
- Leaders will meet to discuss high fuel prices, energy security
- Some nations seek gas price caps, tariffs on Russian supplies
This article is for subscribers only.
European Union leaders are set to discuss ways to drain Russian energy revenues as part of broader talks Thursday on boosting the region’s security of supply.
While the 27-nation bloc is determined to cut its reliance on Russian fuels, it has so far stopped short of imposing sanctions on energy from its top supplier. Opponents to an embargo such as Germany and Austria have shown little sign they’ll change position soon unless Russia significantly escalates the war. Yet EU states have a range of other tools they can consider, from temporary gas-price caps to tariffs on oil-product imports, if they can overcome divisions.