Tag: russian imports

Europe Aiming to ‘Significantly’ Cut Russian Gas Imports With Washington’s Assistance

March 24, 2022
Business & Economyeconomic policieseconomyEuropeInternationalMarketsRussia gasRussia-Ukraine Warrussian importsRussian Oil TradeWorld
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The European Union is seeking to scale down its reliance on Russian gas imports while seeking help from the United States, European Commission President Ursula von der Leyen told EU lawmakers on March 23. Stressing that “energy policy is also security policy,” von der Leyen pointed out that the commission has proposed measures that will…

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European Union States Push For Sanctions on Russian Energy

March 21, 2022
Business & EconomyEuropeLithuaniaMarketsRussia-Ukraine WarRussian embargorussian gasrussian importsWorld
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Some members of the European Union are demanding sanctions to be imposed on energy imports from Russia on account of Moscow’s invasion of Ukraine while the price of oil rebounds amidst fears of new sanctions, the ongoing war, and supply issues. “Looking at the extent of the destruction in Ukraine right now, it’s very hard…

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‘Uncomfortable Truth,’ European Union Cannot Cut Off Russian Energy Supplies: Dutch Prime Minister

March 10, 2022
Business & Economycommoditieseconomyenergy independenceEuropeinflationInvestmentMarketsRussia-Ukraine Warrussian gasrussian importsRussian Oil TradeWorld
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Mark Rutte, the Dutch Prime Minister, has dismissed the possibility of the European Union (EU) banning energy supplies from Russia in the wake of Moscow’s invasion of Ukraine. “We have to discuss our vulnerabilities in terms of our dependency on Russian oil and Russian gas. I would not plead for cutting off our supply of…

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US, European Allies Discuss Banning Imports of Russian Oil

March 7, 2022
Business & Economyeconomic policieseconomyEuropeimportsMarketsRussia-Ukraine Warrussian importsRussian oilWorld
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WASHINGTON—The United States and European allies are exploring banning imports of Russian oil, U.S. Secretary of State Antony Blinken said on Sunday, and the White House coordinated with key Congressional committees moving forward with their own ban. U.S. House of Representatives Speaker Nancy Pelosi (D-Calif.) also said in a Sunday letter that the chamber is…

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