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Oil and gas alone account for about 60 percent of Russian exports (Photo: joiseyshowaa)

Calls for less talk, more action, on Russian oil embargo

The cost of oil and gas has jumped sharply as talks over boycotting energy from Russia gain momentum.

That has led some experts to warn that talk without actual action simply generates bumper revenues from skyrocketing energy prices — to Moscow's benefit.

As the war in Ukraine continues to unfold, the US and the EU are discussing a possible embargo on Russian oil, as part of a wider package of economic sanctions against the Kremlin.

Lithuanian foreign minister Gabrielius L...

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Author Bio

Elena is EUobserver's Managing Editor. She is from Spain and has studied journalism and new media in Spanish and Belgian universities. Previously she worked on European affairs at VoteWatch Europe and the Spanish news agency EFE.

Oil and gas alone account for about 60 percent of Russian exports (Photo: joiseyshowaa)

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Author Bio

Elena is EUobserver's Managing Editor. She is from Spain and has studied journalism and new media in Spanish and Belgian universities. Previously she worked on European affairs at VoteWatch Europe and the Spanish news agency EFE.

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