pakistan
Kremlin says Europe needs Russian oil and gas to ‘survive’
Key takeaways
- Add ARY News on Google AAResize SAINT PETERSBURG, Russia: The Kremlin’s economic envoy told AFP on Thursday that Europe needed Russian oil and gas to “survive” the energy crisis triggered by the war in the Middle East.
- Western nations have hit Russian energy with sanctions since the start of the war in Ukraine, but European countries have continued to buy Russian gas — LNG in particular — from their former key supplier.
- Surging prices due to the US-Israeli war on Iran and Tehran’s closure of the Strait of Hormuz have even pushed some countries, including the United States and Britain, to ease some of the restrictions on Russian oil.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize SAINT PETERSBURG, Russia: The Kremlin’s economic envoy told AFP on Thursday that Europe needed Russian oil and gas to “survive” the energy crisis triggered by the war in the Middle East.
Western nations have hit Russian energy with sanctions since the start of the war in Ukraine, but European countries have continued to buy Russian gas — LNG in particular — from their former key supplier.
Surging prices due to the US-Israeli war on Iran and Tehran’s closure of the Strait of Hormuz have even pushed some countries, including the United States and Britain, to ease some of the restrictions on Russian oil.
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