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...
Hungary has become the most active opponent of the oil embargo which is a part of the EU’s upcoming sixth sanctions package against Russia. This package may significantly affect Russia’s ability to fund its war of aggression...
The scope of EU dependence on Moscow also reveals that Moscow will collapse should the EU disconnect from Russian oil and gas According to the CREA calculator, since the beginning of Russia’s invasion of Ukraine on 24 February 2022,...
Among the latest sanctions unveiled by Washington was a full embargo on Russian oil and gas. The European Union, the primary destination of Moscow’s energy exports, proposed a plan to decrease dependency on Russian gas but stopped...
Russian companies have earned some three trillion US dollars from the sale of oil and gas abroad since Vladimir Putin came to power; but instead of using this money to increase the capitalization of these firms or to transform the economy,...
Over the past year, the editors of Nezavisimaya gazeta point out, the price of oil has risen by 60 percent but Russia’s GDP and per capita incomes have continued to fall, a pattern at odds with what most expected and one that points...
The Internet can mobilize people around issues and this mobilization often takes the form of presenting declarations to foreign leaders or gathering signatures on petitions that allow those who are sometimes ignored to force themselves...
Just how disastrous Vladimir Putin’s decision to rely on the export of oil rather than to modernize and diversify the Russian economy is going to become ever more obvious in the coming years given that world prices of oil may fall...
The economic sanctions the West imposed on the Russian Federation turned out to be not the only challenge to the weak budget of this country which unfolded a military campaign in Ukraine. Another, much more effective blow to the Russian...
Putin’s goals and philosophy Sławomir Sierakowski: What is Putin’s ultimate goal in this war? Timothy Snyder: That’s no big secret: to destroy Ukraine as a state and exterminate Ukrainians as a nation. I’d...
