EU Leaders Agree to Embargo Russian Oil Imports in 6th Round of Sanctions

Image copyright: AP Photos [via AP News]

The Spin

Narrative A

In a major achievement, EU leaders have continued to come together beyond the hurdles to rightly embargo the majority of Russian oil imports – starving Putin of a crucial source of funds for his illegal war of aggression.

Narrative B

The sanctions are clearly hurting countries in western and central Europe more than Russia. The 70% surge in world gas prices has supercharged Russia's balance of payments – in fact, Moscow's trade surplus has tripled since the invasion. As food and energy prices soar, it's clear that sanctions don't work.

Metaculus Prediction


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