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
COP28’s Global Stocktake: A Pivotal Undertaking?
The global stocktake, a quinquennial undertaking, functions as a meticulous inventory of worldwide initiatives in climate action and support, with...
COP28: Balancing Hope and Skepticism in Climate Talks
The Conference of the Parties (COP) is the primary decision-making body of the United Nations Framework Convention on Climate Change (UNFCCC). This...
Watts Happening: A Comprehensive Look at Americas Distribution Transformer Market
The demand for distribution transformers is expected to increase in the coming years globally as well as in the American region. The reasons for the...