News Snapshot:
U.S. President Donald Trump’s core financial strategy for ending Russia’s war in Ukraine is to starve it of oil and gas revenue. The initial focus of this from Washington’s perspective in the immediate aftermath of the 24 February 2022 invasion was to stop Europe, especially its de facto leader Germany, from continuing to import the huge quantities of cheap gas and oil that had powered its economic expansion from the late 1990s. The U.S.’s efforts at that point were broadly successful, and the pressure is now on Europe to reduce these imports to zero as soon as possible. To do...