Some members of the European Union are demanding sanctions to be imposed on energy imports from Russia on account of Moscow’s invasion of Ukraine while the price of oil rebounds amidst fears of new sanctions, the ongoing war, and supply issues. “Looking at the extent of the destruction in Ukraine right now, it’s very hard to make the case that we shouldn’t be moving in on the energy sector, particularly oil and coal,” Irish Foreign Minister Simon Coveney said at a meeting of EU foreign ministers on March 21. Lithuania’s Foreign Minister Gabrielius Landsbergis agreed with his Irish counterpart, stating that “it’s unavoidable we start talking about the energy sector, and we can definitely talk about oil because it is the biggest revenue to Russia’s budget.” The EU has already slapped a number of sanctions on Russia, excluding seven Russian banks from the SWIFT international payment system and freezing assets of …