Emre Peker Profile picture
Mar 24 6 tweets 3 min read
#EU came out fast & furious with sanctions against #Russia's invasion of #Ukraine. Now, fatigue is setting in, while allies with less at stake economically--like the US--are willing to keep escalating. Inconsistent messaging on the EU's 5th package & on oil bans says it all. 🧵👇
On one corner, we have (via BBG/Politico):

*SLOVENIA'S JANSA: SANCTION OF RUSSIA OIL, COAL, GAS ON TABLE

*IRELAND'S MARTIN: NEED TO WIDEN SANCTIONS AS MUCH AS WE CAN

*LATVIA'S KARINS: HAVE TO LOOK SERIOUSLY AT ENERGY SANCTIONS; TEMPORARY OIL AND COAL EMBARGO IS LOGICAL OPTION
On the other:

*NEHAMMER: AUSTRIA WON'T AGREE TO ANY OIL OR GAS SANCTIONS

*RUTTE: NOT EXPECTING CONCRETE RUSSIA SANCTION DECISIONS TODAY

*FRENCH OFFICIALS SEE NO NEW SANCTIONS ON RUSSIA AT EU SUMMIT

*GERMANY PLANS NO NEW SANCTION PACKAGE AGAINST RUSSIA: SPOKESMAN
But mostly, #EU member states feel:

*SWEDEN'S ANDERSSON: SANCTIONS, UKRAINE SUPPORT MADE DIFFERENCE

That's code for: We've done enough, let's wait-and-see, digest the impact on Russia & EU economies.
Ultimately, there will be more EU sanctions, which will be incremental, as the debate on energy-import bans drags on. If, however, Russia escalates the scale of violence in a drastic manner, public discussion on oil sanctions could move quickly--as it did with SWIFT.🔚
VDL -- spearheading tough stance as always, which will paper over some of the diverging views outlined above.

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