The West Shouldn’t Look to Russia’s Allies to Solve the Energy Crisis
Buying Iranian and Venezuelan oil helps Moscow.
September 7, 2022
The West Shouldn’t Look to Russia’s Allies to Solve the Energy Crisis
Buying Iranian and Venezuelan oil helps Moscow.
Following the Kremlin’s recent announcement that it is shutting off the Nord Stream 1 pipeline, Europe faces a sharp increase in already-high energy prices. One possible way to ameliorate the situation not just for Europe but for the rest of the globe would be to lift sanctions on Venezuelan and Iranian oil. In the latter case, the renewed nuclear deal currently under negotiation would accomplish just that. But Oved Lobel argues that such efforts would be counterproductive:
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