The Trump Report
@presidenttrumpreport·1.7M subscribers·19.1K videos
Will European countries actually sanction Russia? | Ashley Kelty
Posted
April 11, 2022
Views
2,822
Likes
51
Comments
24
Engagement
April 11, 2022
2,822
51
24
2.66%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
5:08Now PlayingSpeaking to Luke Jones, senior research analyst in oil and gas at Panmure Gordon Ashley Kelty said that it would be "very, very difficult" for European countries to impose sanctions on Russia.
He said: What we are seeing is a lot of the European nations are talking to talk but they're not walking the walk. For example, no French companies have actually pulled out of Russia.
"So BP and Shell have terminated their operations in Russia, Total has not. It still has its 20% stake in Novatek. It said it's not going to invest anymore but it hasn't actually withdrawn from Russia at all."
He added: "The EU gets more than a quarter of its oil needs from Russia at present... They sort of said that they impose sanctions, but they're not starting until the second half of this year, they actually extended the date for the sanctions to come into play rather than bring them forward.
"If the EU did bite the bullet and impose sanctions, I think they would have to face the reality of energy shortages, such as rolling blackouts, rationing of energy, which would impact industry, and this would probably, in the long term, tip the EU into a recession."
Listen to Ashley Kelty on Times Radio.
---
Times Radio brings you the latest breaking news, expert analysis and well-informed discussion on the biggest stories of the day.
📻 Listen now
Follow Times Radio on social:
Subscribe here
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
