Energy Traders: Do the Decent Thing and Support Ukraine
Right now, the Russian Urals oil benchmark price is cratered. An urgent appeal to oil traders: avoid discounted Urals imports and pressure the Putin regime.
As I write, heroic Ukrainians are standing on the front lines of the global struggle between democracy and dictatorship. As internationally sanctioned Russian President Vladimir Putin has unleashed unprovoked aggression against Kyiv and many other Ukrainian cities, liberal democracies around the world have announced deliveries of urgently-needed weapons to support Ukrainian defenders, and imposed unprecedented sanctions on Moscow.
It’s still not enough.
With Russian forces bearing down on Kyiv, more military equipment is needed, including Stinger and Javelin missile systems. And while we are rightly focused on what other major sanctions can be taken by governments to pressure the Putin regime to end its aggression (including the exclusion of select Russian banks from SWIFT owing to intensive Ukrainian diplomacy), the private sector has a job to do as well. After all, Ukrainians are giving their lives in defense of the values of liberal democratic norms and open markets which have provided the framework for unprecedented global stability and prosperity for decades.
More: https://cepa.org/energy-traders-do-the-decent-thing-and-support-ukraine/
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