Source: United States Senator for Pennsylvania Pat Toomey
Washington, D.C. – U.S. Senator Pat Toomey (R-Pa.) released the following statement after the Biden administration with the European Commission announced a joint task force to reduce Europe’s reliance on Russian energy:
“The joint task force’s timeline for reducing Europe’s dependence on Russian energy is too long to cripple Putin’s war machine in Ukraine. In order to effectively sever his revenue stream, we must cut off Putin’s oil and gas sales globally by imposing secondary sanctions on the entirety of Russia’s financial sector. While this would be temporarily costly for Europe, the price of thwarting Putin’s assault on the Ukrainian people isn’t as expensive as allowing him to reconstitute a Russian empire. The time to take action is now—while the demand for gas has lessened and American companies and others can help replace supplies ahead of next winter.”
Earlier this week, Senator Toomey penned an op-ed in the Wall Street Journal calling for the Biden administration and Congress to impose secondary sanctions on the entirety of Russia’s financial sector. To read the op-ed, click here.