Former world heavyweight boxing champ Mike Tyson says he learned the key to delivering a knockout blow from his mentor Cus D'Amato: “The art of punching is when you can throw two punches that sound like one.”
The European Union, seeking to replicate Tyson’s technique against Russia’s oil industry, is throwing a two-punch combination and hoping for an economic knockout.
After European Commission President Ursula von der Leyen on Wednesday announced a proposed new sanctions package, the headlines largely focused on its ban against imports of Russian crude and refined petroleum products. That’s the first, expected punch. But there’s a second, simultaneous blow – the real knockout. Brussels also wants to prevent Russia from using companies based in the EU to sell its oil to third countries, such as India and China. And it’s a rather wide ban: