California
light rain
9.9 ° C
10.8 °
8.7 °
61 %
2.6kmh
100 %
Sun
10 °
Mon
16 °
Tue
18 °
Wed
22 °
Thu
13 °
California
light rain
9.9 ° C
10.8 °
8.7 °
61 %
2.6kmh
100 %
Sun
10 °
Mon
16 °
Tue
18 °
Wed
22 °
Thu
13 °
Sunday, April 21, 2024

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HomeJapanMoscow's gas ties...

Moscow’s gas ties with Europe, crafted over decades, lie in ruins


Meticulously crafted over decades as a major revenue stream for the Kremlin, Moscow’s gas trade with Europe is unlikely to recover from the ravages of military conflict.

After Russian President Vladimir Putin’s “special military operation” in Ukraine began almost a year ago, a combination of Western sanctions and Russia’s decision to cut supplies to Europe drastically reduced the country’s energy exports.

The latest sanctions, including price caps, are likely to disrupt oil trade further but it is easier to find new markets for crude and refined products than for gas.

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