EU sanctions

Pressure on Europe to secure alternative gas supplies increased on Thursday as Moscow imposed sanctions on European subsidiaries of state-owned Gazprom a day after Ukraine stopped a major gas transit route. Gas prices surged, with the key European benchmark gaining 12% as buyers were unsettled by the mounting threats to Europe's supply, given its high dependence on Russia.
  • May 15, 2022
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Croatia's Economy and Sustainable Development Minister, Davor Filipović said that among all EU member countries, his country would feel the fewest consequences if Russian gas supply was to be cut off thanks to its LNG terminal on Krk island.
  • May 12, 2022
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Gazprom has written to its European customers to reassure them that they can continue to pay for gas without breaching sanctions. This comes after European Commission proposed a total ban on Russian oil imports to the European Union.
  • May 11, 2022
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Lithuania has opened a gas pipeline to Poland to offset some of the shortfall caused by Russia’s decision to cut off its supply to Warsaw, local media in the country reported Monday.
  • May 5, 2022
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The European Union was preparing sanctions on Russian oil on Monday, with possible exemptions for wary countries, and warned that complying in full with Moscow's proposed scheme to receive gas payments in roubles would breach existing EU sanctions.
  • May 4, 2022
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In response to sanctions by Europe and the US, Russia has cut off natural gas supplies to Poland and Bulgaria. Russian state energy giant Gazprom said in a statement that it had fully halted supplies to Polish gas company PGNiG and Bulgaria’s Bulgargaz after they refused to meet a demand by Moscow to pay in roubles, rather than euros or dollars.
  • April 29, 2022
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