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I just read something interesting about Europe's energy stance during these times of crisis. Italy's Prime Minister, Meloni, clarified that for now, it's not the right time to restart Russian gas supplies, despite energy prices soaring due to the situation in Iran and the restrictions it has caused in the market.
What I find relevant is her argument: she expects that by January 2027, when this becomes a real economic pressure, the peace process in Ukraine will have advanced enough. Basically, she is saying that economic pressure on Russia is the most effective tool to push for peace negotiations, and lifting energy sanctions now would weaken that position.
This comes after Eni's CEO, Descalzi, called on Sunday for the suspension of the ban on importing Russian liquefied natural gas. But Meloni is clear: caution must be exercised. Italy's Prime Minister argues that it's too early to even seriously debate this measure.
It's a typical dilemma of current European politics: immediate economic pressure from prices versus long-term diplomatic pressure. We'll see how this develops in the coming months.