Comment by jltsiren
14 hours ago
Europe kept buying Russian oil and gas, because other sources could not come online quickly enough. Tariffs would have only made energy even more expensive than it already was. Now it's mostly Hungary and Slovakia buying Russian energy, as well as some LNG imports. Those two countries are not too keen on sanctioning Russia, especially in ways that would hurt their economy. Any attempts to impose tariffs on energy imports from Russia would have led to a major internal crisis in the EU.
The US already started to pressure these two. We'll see how it goes. Ukraine could always blow up or sabotage the pipelines or some of the pumping stations if they think it's appropriate, either in Russia or on their own territory.
It’s frankly a pretty bold bet to count on these pipelines existing for years to come. It might have been smarter for Hungary and Slovakia to scramble for other sources of energy, starting March 2022.
> Europe kept buying Russian oil and gas, because other sources could not come online quickly enough
They did do sanctions, so I don't know what you're trying to argue.
> Tariffs would have only made energy even more expensive than it already was.
Not as expensive as outright sanctions, of course.
As I said - sanctions are discrete (yes or no), whereas tariffs are a continuous knob.
There were essentially no sanctions impacting Russian energy exports to Europe. Those would have hurt Europe much more than Russia. If you can't export something, the damage is proportional to the volume of the exports. But if you don't have enough energy, your entire economy suffers.
The increases in energy prices mostly came from voluntary attempts to find alternatives to Russian energy and from Russia constraining the supply.
Why would Russia voluntarily give up money by constraining the supply during the war? That makes absolutely no sense.