Europe and the U.S. Still Haven’t Choked Off Russia’s Energy Riches

The Russian economy may be wobbly, but it is still funding a deadly war with oil and gas sales.

A black smoke plume billows from a stack on an oil tanker at sea. September 9, 2025, 12:56 PM Comment icon View Comments ( )

Russia’s War in Ukraine

Understanding the conflict three years on.

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One would think, three and a half years into Russia’s invasion of Ukraine, that the West could come up with a way to choke off Russia’s energy exports, still the biggest single source of money for the Kremlin. And one would be wrong.

Little by little, the United States and Europe and the West have tried to tighten the screws on Russia’s ability to fund its war from revenues accrued in the energy busines

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