Putin will hold a meeting on the situation in the oil and gas sector
Western countries have introduced a number of anti-Russian sanctions in response to Russia’s special military action in Ukraine. Some of them directly or indirectly affected the Russian oil and gas sector.
United States Russia has announced a ban on imports of energy resources (excluding uranium). Subsequently, the UK announced that it would stop importing oil and oil products from Russia by the end of 2022. Poland also wants to suspend oil purchases from Russia by the end of the year. However, the European Union has so far avoided a collective ban on oil and gas imports from Russia, realizing its dependence.
However, seasonal announcements about the possible refusal by the EU to use Russian oil and gas create a general negative backdrop for their exports. The same effect was provoked by US sanctions, which were not even a significant market for the Russian Federation. As a result, many buyers, fearing potential sanctions and reputation risks, decide not to buy Russian energy sources independently. (ANI / Sputnik)