Europe gets a metric shit ton of its oil and natural gas from Russia. It’s a simple, unfortunate truth. No matter how bad the Russian attack on Ukraine gets in the short term, convincing the European Union to embargo their own fuel supply is probably too heavy a lift. That doesn’t mean as spring arrives, they shouldn’t be putting plans in place to cut out Russian oil for next heating season. It’s in their collective best interest to disentangle from Russia as quickly as possible. Either they do it on their own terms or it can be forced on them whenever Vlad the Invader decides to choke off their supply of his own accord.
Sources I’ve seen indicate that only somewhere between 1 and 8% of the petroleum products we consume here in the United States originate in Russia. I’m sure there’s a reason for that wide a variance in the numbers, but the bottom line doesn’t really change – there’s absolutely no reason the US needs to import oil products from Russia. Other, more reliable trading partners – I’m looking at you, Canada and Mexico – would probably be thrilled to pick up the slack.
The game we’re playing now, of airlifting arms and armaments to the Ukrainian resistance while simultaneously providing hard dollars to Russia by way of payments for petroleum, needs to stop. Funding both sides of the war is just plain stupid. Every lever of economic power we can throw to bring pain to the Russian economy is an effort worth making… and more importantly, once we’re off Russian oil we can focus on helping Europe get themselves clean, too.
If we’re serious about not wanting to get into a shooting war with Russia ourselves, tightening the economic stranglehold we’ve got them in as quickly as possible feels like the last, best option. Otherwise, we’re just giving Putin more time and funding to hold on in hopes that the currently unified world begins to show some cracks at the margins. Our historically short attention span is working against us here, but this is important and it needs to get done.