Europe's extreme dependency on Russian energy products from oil to natural gas is made clear recently from the manner in which they have approached sanctions – with incrementalism, slowly sinking back into the bushes. The latest agreement among member nations on export bans targeting Russia is largely oil focused, not natural gas focused, with the union demanding an immediate 70% decrease in Russian oil transferred BY SHIP.
Oil transferred by pipeline will continue to flow into the EU for now. The ban is intended to expand to 90% of all shipborne…What Does Europe’s Ban On Russian Oil And Gas Mean For The West?
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