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Kharkiv Under Siege Yet Russian Oil Still Flows | Jacob Shapiro

Forward Guidance

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The Middle Line Between Energy Sanctions and Nuclear War

There's a difference between sort of full-on nuclear war and between energy sanctions, he says. If Europe decides that it wants to shut off natural gas from Russia tomorrow, "I just don't know how they're going to make up for the shortfall" The economic costs of that are going to be absolutely cataclysmic because any European leader actually going to sign up for that? He doesn't think so. It makes a lot more sense for Macron to tweet things in Ukrainian.

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