When US President Donald Trump meets Russian President Vladimir Putin on Friday, one in all his bargaining chips to encourage Putin to make progress towards a ceasefire in Ukraine will probably be to ease US sanctions on Russia’s power business and exports.
Trump has additionally threatened more durable sanctions if there is no such thing as a progress.
Right here is how sanctions have impacted Russian power exports because the begin of the battle.
Pure fuel and LNG
Russia was the highest provider of pure fuel to Europe earlier than the warfare. Most fuel travelled by means of 4 pipeline routes: Nord Stream operating underneath the Baltic Sea, the Yamal line crossing Poland, transit by way of Ukraine, and the Turkstream line.
Europe additionally imports Russian liquefied pure fuel (LNG).
In 2021, complete Russian fuel imports to the EU totalled 150 billion cubic metres (bcm) per 12 months, or 45 per cent of its complete imports, and have fallen to 52 bcm or 19 per cent since, in accordance with the European Fee.
Whereas the EU has not imposed sanctions on Russian pipeline fuel imports, contract disputes and harm to Nord Stream attributable to an explosion, have lower provides.
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