In addition to murdering tens of thousands of Ukrainians and causing mass destruction, Russia’s unprovoked and malevolent invasion is costing Europe a lot too. Ukraine is the dam blocking the Russian torrent from inundating Europe. Consequently, Europe has been forced to spend hundreds of billions of dollars to buttress Ukraine’s defense. Moreover, the manifest Russian threat is now forcing the EU, the UK, and other European nations to launch large scale rearmament programs that are going to cost European taxpayers trillions.JOIN US ON TELEGRAMFollow our coverage of the war on the @Kyivpost_official. As the cause of all these costs, Russia should be made to pay the bill. The way to do this is straightforward. All goods being imported or exported from Russia should be taxed. The one thing that the governments of the EU know how to do well is tax. Moreover, the EU is in an excellent position to tax Russian imports and exports, because all ships entering or leaving Russia via the Baltic and the Aegean must thread their way through waterways that are completely under EU nation control. Using satellite technology, it is possible to know which ships dock at Russian ports. All such ships heading to or from Russia should be required to stop at designated EU ports and pay the tax. While in an ideal world it might be desirable to tax Russian goods right out of the global market, from a practical point of view such a policy would not work. Until such time as the Europeans wake up and start fracking their abundant shale oil and gas resources, the world is going to need Russian oil and gas.
A Tax on Russian Trade Could Change the War’s Economics
As Europe pours hundreds of billions into Ukraine’s defense and prepares for a costly military buildup, Russia continues to profit from global trade.








