18 April 2022

What If Germany Boycotts Russian Energy?

DALIA MARIN

MUNICH – Since Russian President Vladimir Putin launched his invasion of Ukraine, the German government has been under mounting pressure to join a proposed European embargo on Russian energy. It is widely believed that stopping Russia’s war will require cutting off its financing, which is coming in the form of billions of dollars of payments for oil and gas exports.

The German government opposes an energy embargo, with Minister of the Economy Robert Habeck arguing that it would lead to mass unemployment, poverty, and widespread social unrest. But are these concerns valid?

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