‘He’s not suffering financially’ Putin must face brutal sanctions to scale back war
Ukraine: Putin needs to ‘suffer financially’ says Browder
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Mr Browder spoke to Express.co.uk about why Vladimir Putin needed more sanctions. The American-British financier discussed Western Governments weening themselves off Russian oil and gas. Mr Browder explained how Western Governments were helping Putin fund the war in Ukraine by buying Russian oil, as Putin makes billions of pounds every day from oil and gas purchases. The war in Ukraine has been raging for well over three months, despite mass global condemnation for the Russian bloody onslaught.
Mr Browder said: “Well we haven’t done enough from the financial sanctions.
“The purpose of financial sanctions is to cut off Putin’s ability to fight this war.
“In other words, if he has no money he can’t fund an invasion.
“At the moment he’s got a lot of money coming in mainly from the sale of oil and gas to Western Europe.
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Mr Browder added: “He gets a billion dollars a day from Germany, Italy and other countries.
“And the war costs him a billion dollars a day, and so at the moment, he’s not suffering financially.
“We have to make him suffer financially if there’s any probability that he then scales back the war.”
Western Governments have been working hard since the beginning of the war to impose tough sanctions on Russia.
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Some Western countries have been rushing to source oil and gas from other places, so they do not have to pay money to Russia for their country’s supply.
Some countries have turned to natural sources as they try to ween off from Russian oil and gas.
One EU official said: “It would be humiliating to remove the oil embargo part of the package completely only to push through the other elements.
“So the idea is to have an embargo on Russian oil and exempt the Russian Druzhba pipeline supplying Hungary only for some time, to give the European Commission and Hungary time to solve the problem.”
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Foreign Secretary, Liz Truss told has discussed the UK Government’s imposed sanctions on Russia, and has been pushing to uphold them.
Ms Truss said: “Doing business with Putin’s regime is morally bankrupt and helps fund a war machine that is causing untold suffering across Ukraine. Cutting Russia’s access to British services will put more pressure on the Kremlin and ultimately help ensure Putin fails in Ukraine.”
Business Secretary Kwasi Kwarteng uttered a similar sentiment: “Our professional services exports are extraordinarily valuable to many countries, which is exactly why we’re locking Russia out.
“By restricting Russia’s access to our world-class management consultants, accountants and PR firms, we’re ratcheting up economic pressure on the Kremlin to change course.”
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