The European Union announced a proposal to ban purchases of Russian oil exports, after Germany, Europe’s biggest economy, dropped its opposition. WSJ’s Bojan Pancevski explains why Germany was such a holdout.
Further Reading:
-EU Proposes Ban on Russian Oil Imports, Sending Prices Higher
-Germany Drops Opposition to Embargo on Russian Oil
Further Listening:
-If Russia Invades Ukraine, Can the U.S. Deliver on Sanctions?