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Western international locations purchase roughly $1 billion (£765 million) of oil, fuel and coal from Russia, and Ukrainian President Volodymyr Zelensky has accused these nations of “financing the killings of Ukrainians”. Andrei Illarionov, Putin’s former financial coverage advisor, stated that vitality sanctions are the one factor that may “have an effect on Putin’s decision-making course of” in need of elevated and whole navy help from all nations.
Chatting with LBC, Mr Illarionov stated: “That is in all probability the one most necessary resolution that may have an effect on Putin’s decision-making course of.
“At this second, Putin receives about $1 billion a day for the exporting of vitality from Russia to western Europe and different international locations.
“With such assets that he’s receiving from the West, he can proceed this warfare for a protracted, very long time.
Requested by LBC host Eddie Mair concerning the financial affect on Western Europe of stopping the usage of Russian vitality, the previous Putin advisor gave a chilling response.
He stated: “It’s essential select: Would you wish to proceed this bloodshed or to have some financial issues?”
Whereas quite a few monetary sanctions have been positioned on Russian oligarchs, Mr Illarionov stated that these strikes will make little distinction to Putin.
Roughly forty % of the European Union’s member states’ pure fuel imports come from Russia, with Germany among the many most reliant.
For the reason that starting of the warfare in Ukraine, Germany has given greater than £29 billion in income from the EU to Russia in alternate for vitality.
READ MORE: Orban leads EU revolt of FIVE states in opposition to Russia vitality sanctions [REPORT]
On Tuesday, the European Fee proposed plans to cease Europe’s dependence on Russian fossil fuels earlier than 2030, beginning with fuel.
However Putin on Thursday stated mockingly that western international locations “can not do with out Russian vitality assets”.
He stated: “What’s astonishing is that the so-called companions from unfriendly international locations concede themselves that they received’t be capable of make do with out Russian vitality assets”.
The Russian President then claimed plans to redirect vitality eastward had been already in movement with the likes of India and China.
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