The global spotlight is on the Russia-Ukraine crisis, which has been responsible for wreaking havoc on international fossil fuel markets. Western powers responded to the crisis by proposing a number of sanctions on Russia, including ones on its fossil fuel exports. Given the fact that Russia is a key player in the global oil and gas markets, the crisis, and subsequent sanctions spell potential disaster for international energy security. Europe is an especially vulnerable region, given its considerable reliance on Russia to satisfy its fossil fuel needs. This paper explores the possible effects of the sanctions that have been placed on Russian energy by the West and discusses whether Europe will be able to liberate itself of its historic dependency on Russian oil and gas.
Contact Sales:
Europe
+49-89-12250950
Americas
+1 408-604-0522
Japan
+81-80-7808-1378
GCC/Rest of APAC
+971-58-1602441
More about our:
Services
Recent Insights
Europe’s Switch to Sustainable Power: The Rise of Solid-Insulated Switchgear
As Europe intensifies its shift towards sustainable energy solutions, Solid Insulated Switchgear (SIS) is emerging as a key technology in the...
US Elections: Consequences of a Second Trump Presidency for Energy Sector
The US is making strides to move away from fossil fuels and eventually decarbonize the energy sector. The White House aims to achieve 80% renewable...
US Power Transformer Market Snapshot
US Power Transformer Market SnapshotMarket OverviewUSA to expand transmission systems by 60% by 2030 and may need to triple those systems by...