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Soros Tells Draghi That Europe Is Stronger on Gas Than It Thinks

  • Billionaire writes to Italy’s leader about Russian gas dilemma
  • EU is still arguing over terms of a potential oil embargo
George Soros speaks on day two of the World Economic Forum in Davos, on May 24.
George Soros speaks on day two of the World Economic Forum in Davos, on May 24.Photographer: Jason Alden/Bloomberg

When it comes to important European energy issues, such as whether to ban imports of Russian gas, billionaire George Soros said the leader he turns to is Italy’s Prime Minister Mario Draghi.

Speaking at a dinner on Tuesday on the sidelines of the World Economic Forum in Davos, Soros said he wrote to Draghi setting out his view that Europe is in a stronger position than it thinks when it comes to dealing with Russian President Vladimir Putin.