Putin Calls EU Sanctions on Russian Oil ‘Economic Suicide’

Putin Calls EU Sanctions on Russian Oil ‘Economic Suicide’
Russian President Vladimir Putin attends a meeting of the leaders of the Collective Security Treaty Organization (CSTO) member states at the Kremlin in Moscow, on May 16, 2022. Alexander Nemenov/Pool/AFP via Getty Images
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Russian President Vladimir Putin has spoken out against the European Union’s proposed sanctions on the purchase of Russian oil exports, claiming that adopting such a policy would amount to “economic suicide” for the countries of Western Europe.

In a televised address on Tuesday, Putin responded to the EU’s proposed oil embargo on Russia, which has stalled in the past week as a small group of EU members have refused to support such a measure.