Let us compare Europe in 2022 and 2023. According to official data for 2021, Europe was 45% dependent on imported Russian gas and 27% on oil. Nord Stream 2, the energy weapon of the Kremlin, was quietly built despite the desperate warnings...
Russian authorities have asked India to establish joint production of large-capacity tankers to transport oil, which since December 5 has come under new Western sanctions and a ban on international insurance, Moscow Times writes. The...
The new Price Cap Policy mechanism has significant potential but price restrictions for Russia must be revised downwards, Ukraine’s Minister of Economy Yulia Svyrydenko said. “The sanctions coalition once again demonstrated...
On 3 December, the Council of the European Union decided to set an oil price cap for crude oil and petroleum oils and oils obtained from bituminous minerals which originate in or are exported from Russia, at $60 per barrel. The level of...
According to Bloomberg, Russia has already lost 90% of its key oil market in Europe. Russian oil shipments to northern Europe have fallen below 100K barrels a day, compared to 1.2 million barrels a day in early February before the Russian...
Russia uses energy supplies to Europe as blackmail over the war in Ukraine. The sale of gas and oil also allows Kremlin to get money to continue its illegal invasion, Ukrainer writes. Russia spends $900 mn per day for military action and...
The European Union expects to have its regulations completed in time for the introduction of a G7 plan to cap the price of Russian crude oil on 5 December, EU energy commissioner Kadri Simson told Reuters. “The EU will ban Russian...
On Nov.3, the G7 and Australia tentatively agreed to set a maximum fixed price for Russian oil at the end of November, Reuters reported. “The coalition agreed that the cap would be a fixed price that would be reviewed regularly,...
According to the study by the Center for Research on Energy and Clean Air, during the first four months of its full-scale war against Ukraine, Russia received EUR 62 bn from the EU countries for its fossil fuel exports — roughly 60%...
The EU has imposed a partial oil embargo as part of its 6th sanctions package. Yet, between 24 February and 31 May, EU countries paid over EUR 55 billion for oil and gas imports from Russia. That’s the equivalent of roughly 15,000...
In October 2022, a few weeks before the Ukrainian Army liberated Kherson, Russian soldiers parked several school buses next to the Regional Art Museum named after Oleksii Shovkunenko. Over four days, the invaders loaded their vehicles with...
