The EU’s Carbon Border Tax Could Deal A Devastating Blow To Russia’s Economy

The European Union's carbon border tax, to enter into effect in five years, was conceived with the idea of leveling the playing field for European industrial producers and importers who manufacture their goods in much laxer emissions-related regulatory frameworks. But the border tax could have a welcomed side effect for Brussels: it could have a more devastating effect on Russia's economy than sanctions.

This is the warning Rosneft's head, Igor Sechin, recently gave President Vladimir Putin in a letter detailing the steps that could be taken to…