The EU Remains the World's Biggest Buyer of Russian Gas Despite Sanctions

Since the Russian invasion of Ukraine in early 2022 and the subsequent sanctions on Russian energy, the European Union has encouraged other countries to follow suit by enforcing sanctions, even as Russia offers discounted oil and gas to various countries around the globe. While many countries have adhered to the sanctions, some Asian states, such as China and India, have increased Russian energy imports to stockpile cheap crude and other energy products to meet the growing demand. Meanwhile, as the EU has reduced its reliance on Russia for certain…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com