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Europe Keeps Russian Oil, Gas Flowing Despite Tightening Sanctions
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Six weeks after Russia’s invasion of Ukraine, the European Union is taking its first tentative steps to reduce its energy imports from Russia, depriving Moscow of some of the revenue that covers a substantial part of its budget and is helping it fund its military campaign.
But the EU still can’t agree to sanction the bloc’s biggest business dealings with Russia: the purchase of oil and natural gas. The EU, which imports around 60% of its energy needs, is still making massive payments to Russia, boosted by higher oil-and-gas prices since Russia invaded Ukraine.
Read more on wsj.comAbout this in other media
Ukraine war: Where does each EU country stand on cutting off Russian oil and gas? euronews.com /2 years ago
Public lands to reopen for oil and gas drilling in a first under Biden theguardian.com /2 years ago
Ukraine war: Where does each EU country stand on cutting off Russian oil and gas? euronews.com /2 years ago
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