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New EU Sanctions May Backfire, Benefit China

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New EU Sanctions May Backfire, Benefit China
Plastic letters arranged to read "sanctions" are placed in front of EU and Russia's flag colors in this illustration taken on Feb. 25, 2022. Dado Ruvic/Illustration/Reuters
Daniel Lacalle
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Commentary

The proposals of the European Union and the United States to implement a complete energy embargo on Russia must consider the reality that Asia is importing all that Russia can offer.

Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”
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