Russian Sanctions may be backfiring.

I'm Peter Serefine, and this is today's Liberty Minute.

The US and most of Europe put heavy sanctions on Russian energy over the Ukrainian situation.  These sanctions have had an effect, but maybe not the intended one.

Much of Europe is warning of serious energy shortages in the coming winter.  Some countries are putting caps on use and subsidizing costs.

Yesterday, Putin announced he was closing the tap.  No more energy exports until the sanctions are lifted.

So, who is really being hurt by these sanctions, Russia or our European allies?

If only there was another large country with vast natural gas and oil resources that could help our allies and prevent them from freezing.  If only there was an energy-independent nation with free markets which could guarantee the energy security of European families.

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Until tomorrow, si vis Pacem, Para Bellum