Despite official statements, the EU’s complete elimination of Russian gas is problematic. In the absence of sanctions, it will be difficult for European buyers to terminate gas contracts under force majeure conditions. While a possible peace agreement between Russia and Ukraine may ease sa... #EnergyIndependence #Gazprom #Hungary #RobertFico #RussianEnergyResources #RussianGas #Slovakia #UrsulavonderLeyen
A blow to the Russian energy sector: The EU has presented a plan for a complete phaseout of Russian energy carriers. The European Commission published a plan for EU countries to entirely eliminate Russian energy carriers, through which negotiations on new contracts with suppliers of Russian gas (pipeline and LNG) wi... #EnergyIndependence #EUenergy #NuclearFuel #RussianEnergyResources #ShadowFleetRussia
The EU is preparing its 17th package of sanctions targeting Russia, while the US is also threatening Moscow with increased pressure. In Kyiv, officials hope that the new restrictions will target key sectors of the Russian economy and serve as a crucial tool in applying pressure on Russia to achieve peace. US Republican Senator Lind... #DonaldTrump #EUsanctions #Gazprom #LindseyGraham #Oilmining #RussianEnergyResources #SanctionsAgainstRussia #SecondarySanctions
Belgium views the idea of resuming energy cooperation with Russia as unrealistic. Any efforts to return to this trade relationship are unfounded, said Belgian Energy Minister Mathieu Bihet, commenting on the increasing calls in Europe to restart energy imports from Russia amid dipl... #Belgium #EnergyIndependence #MathieuBihet #RussianEnergyResources #RussianLNG
The EU will soon present its plan to phase out Russian oil and gas imports. The EU intends to unveil a detailed strategy in May for the elimination of Russian oil and gas imports by 2027, driven by Russia’s full-scale invasion of Ukraine. However, the European Commission has ... #AnnaKaisaItkonen #EnergyIndependence #EUenergy #LNG #RussianEnergyResources #RussianGas
Czechia spent €8.2B on Russian oil and gas last year despite the availability of alternatives. According to the CSD, the Czech Republic’s expenditure of over €8.2B on Russian hydrocarbons in the previous year is 500% greater than the aid it has provided to Ukraine since the onset of the full-sc... #Bulgaria #CzechRepublic #RussianEnergyResources #RussianGas #RussianOil #TALpipeline
Russia’s European neighbors oppose resuming purchases of Russian energy. Any talk of a return to Russian oil and gas is premature and threatens Europe’s security interests, warn EU countries bordering Russia, amid growing speculation that a US-brokered peace deal cou... #Estonia #Finland #Lithuania #MarkRutte #RussianEnergyResources #RussianGas #RussianOil
Analysts compared EU countries’ spending on Russian energy and their support for Ukraine. Experts examined EU countries’ total expenditures on Russian oil and gas imports, alongside the military, financial, and humanitarian aid provided to Ukraine from 2022 to 2024. Italy (€23.55B), ... #EuropeanUnion #Finland #Germany #MilitaryAid #RussianEnergyResources #SupportUkraine #WarinUkraine
The EU has paid Russia over €200B for oil and gas since the start of the full-scale war. Since the beginning of the Russian Federation’s full-scale invasion of Ukraine, Moscow’s income from the export of fossil fuels has reached almost €785B. Despite sanctions, the EU remains ... #France #GasExport #OilExports #RussianEnergyResources #RussianLNG #RussiaProfits
The US is considering a ban on Russian uranium but has temporarily allowed settlements in the energy sector with Russian banks. The Biden administration is considering banning the import of enriched uranium from Russia. Bloomberg writes that negotiations are ongoing, but no decisions have been made yet. Data from the US Depart... #G7 #RussianEnergyResources #RussianTrade #RussianUranium #SanctionsAgainstRussia
Resources from the Russian Federation account for only 6.5% of energy purchases by the EU. According to Eurostat, in the third quarter of 2022, Russia accounted for 14.5% of all energy imports to the EU, and in the third quarter of 2023, this figure decreased to 6.5%. In the third quarter, ... #EUenergyimport #EUEnergyindependence #RussianEnergyResources #RussianGas #RussianOil
The EU has declared independence from Russian energy resources, and gas prices have broken a psychological low. As reported by the European Commission, this was achieved thanks to the EU’s plan to reduce gas consumption. It is noted that the EU has stopped importing coal and oil from the Russian Federation, and... #EUGasPurchase #gasprices #RussianEnergyResources #RussianGas
Russia is doomed to lose the energy war with the West. According to economist Fatih Birol, former International Energy Agency executive, there are three reasons for this. First, at the beginning of the war, 75% of Russia’s gas exports and 55% of Rus... #energysanctions #FatihBirol #RussianEnergyResources #WarinUkraine
