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Thing is the sanctions have been slow and did allow time for Putin to shift who he supplies energy to with the shadow fleet. I think adding more sanctions after years of war is not going to amount to much. Especially when the war may stop soon (cause Trump knows how to make the best deals /s). This would give Putin fiscal space to build those pipelines to China and otherwise invest more in his fleet of tankers.
Ultimately, he will find buyers for his energy from countries who don’t care about the war and don’t care about Europe’s sanctions (China, India…). Maybe I’ll be wrong and these new sanction will work but I’m sure India and China can figure out how to get the energy they need from Russia
Europeans need to move fast if they are going to have a real impact on how Ukraine will turn out. If Canada and others want also want to join in then even better.
Whilst you can’t trust what Trump says, I find it hard to see the Ukrainians being able to offer a better deal than what Putin can (in his eyes). I imagine Putin’s ‘good’ offers would allow the US to leave the conflict quickly which Trump will see as ‘the greatest deal’ even if, in the long run, it only strengthens the Russian.
Hopefully Europe can figure out a credible strategy. They have the capacity, I’m just not certain politicians will have the balls