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Reuters
Reuters
Business
David Lawder

Easy Russia sanctions exhausted, U.S. and allies face economic bite

U.S. Secretary of State Antony Blinken meets Australian Foreign Minister Marise Payne, next to Australian advisor Mikaela James, U.S. State Department Counselor Derek Chollet and U.S. State Department spokesperson Ned Price, at The Hotel Brussels, in Brussels, Belgium, April 6, 2022. REUTERS/Evelyn Hockstein/Pool

As the world's wealthy democratic powers roll out new sanctions against Russia in response to horrifying images of executed Ukrainians in the city of Bucha, it has become clear that the easiest options are now exhausted and stark differences have emerged among allies over next steps.

The European Union proposed a first stab at curbing Russia's energy sector in response to its invasion of Ukraine launched in February, banning imports of Russian coal. But EU countries remain divided even over this move, much less restricting imports of Russian oil and gas that are more important to their economies.

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