The European Union is working with the United States to soften the blow without undermining their shared stance against Moscow. Gazprombank, pivotal for Russian natural gas transactions, has become a focal point of geopolitical and energy strategy since the U.S. imposed sanctions last month. While President Vladimir Putin’s decision to scrap the requirement for foreign buyers to rely solely on Gazprombank offers some flexibility, it’s done little to untangle the legal and logistical challenges facing the EU.
The current discussions…Putin's Gazprombank Move Creates Ripple in EU-U.S. Sanctions Strategy
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