by Ahmed Adel, Cairo-based geopolitics and political economy researcher The European Union’s sanctions envoy said on October 23 that the bloc’s sanctions regime on Russian oil will remain in place for the long term, perhaps five or ten years. Yet, despite the triumphant statement, the EU’s economy is facing a recession, and not the Russian, which is going from strength to strength even though it faces Western-imposed sanctions. “Prepare for five to ten years,” said David O’Sullivan, special international envoy for the implementation of EU sanctions, at an Atlantic Council event. O’Sullivan added that he did not see any imminent lifting of […]
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