Sanctions

Yellow gas pipeline with E.U. flag on one side and Russia flag on the other side

Vladimir Putin is Waging Two Wars in Europe

A hot war is being fought by Ukraine against Russia while the European Union is reeling from an energy war waged by Russian President Vladimir Putin in retaliation against economic sanctions placed on his nation for invading Ukraine.

September 15, 2022 - POLITICO Europe

Gas Pumps

Is $7 a Gallon for Gas on the Horizon?

Global oil prices may skyrocket when the European Union, which receives about one third of its oil from Russia, enacts a partial ban on importing Russian oil at the end of the year to stop financing Russia's war in Ukraine.

July 28, 2022 - The New York Times

Liquid natural gas tanker in Klaipeda, Lithuania

Europe's New Energy Infrastructure Begins to Emerge

When Russia invaded Ukraine on February 24, Russian President Vladimir Putin hoped to quickly redraw national boundary lines in Eastern Europe. The region's energy infrastructure, particularly pipelines carrying natural gas, may change sooner.

May 24, 2022 - POLITICO Europe

Gazprom building in St. Petersburg, Russia

Energy War Comes to the European Union

When President Putin ordered Gazprom to turn off the valve on pipelines carrying Russian gas to Poland and Bulgaria, he effectively expanded the Russia-Ukraine war to the European Union, threatening their economic well-being and way of life.

May 3, 2022 - The New York Times

Drilling rig at a gas field in the North of Western Siberia

Hooked on Russian Gas

The EU relies on Russia for 45% of its natural gas imports and 27% of its crude oil imports. Germany's dependency is a major reason why it won't ban these imports despite Russia's war in Ukraine. Two natural gas pipelines explain part of the problem.

April 21, 2022 - The New York Times

Oil extraction pumps in winter landscape in Russia

European Union Takes Initial Step to Ban Russian Energy Imports

After a second day of talks in Brussels, ambassadors to the European Union agreed to ban coal imports from Russia as evidence of widescale atrocities committed by Russian troops in Ukraine surfaced after their withdrawal from the outskirts of Kyiv.

April 11, 2022 - The New York Times

Oil Drills

Sanctioning Russian Energy Exports

European leaders chose not to join the U.S. in an embargo of Russian energy products largely because of dependence on natural gas. Similarly, the world needs the 11% of crude oil that Russia exports. What can the U.S. do to lessen this dependence?

March 24, 2022 - Rhodium Group

pallets of green oil barrels stacked

Banning Russian Oil

President Biden announced a ban on the importation of Russian energy on Tuesday in response to Russian President Vladimir Putin's invasion of Ukraine. He warned that gasoline prices will go even higher as a result. Europe will not be joining the ban.

March 10, 2022 - The New York Times

Gas Pump

The Missing Sanctions on Russia

President Biden took aim at Russia in his State of the Union address for the war it has started in Ukraine, vowing that they will "pay a price" which so far has yet to extend to their oil and gas exports.

March 6, 2022 - The Associated Press

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