'Number one cash flow to Putin's war chest': Might European governments really sanction Russian oil and gas?

Cecilia Keating
clock • 9 min read
Russia supplies Europe with a quarter of its crude oil and 40 per cent of its fossil gas | Credit: iStock
Image:

Russia supplies Europe with a quarter of its crude oil and 40 per cent of its fossil gas | Credit: iStock

The UK and EU are in the process of drawing up plans setting out how they will reduce their reliance on Russian oil and gas. But could they cut off supplies altogether, amid growing pressure from campaigners and the Kremlin's foreboding threats to launch an energy war?

As Russia continues its bombing of Ukrainian cities, pressure is mounting on governments to add oil and gas to the extensive list of economic sanctions they have placed on Moscow. While the moral case...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose the membership package that's right for you and your organisation, via our 3 membership levels.

Join now

 

Already a BusinessGreen member?

Login

More on Energy

'The benefits are some way off': Energy industry urges government to accelerate work to deliver promised bill savings

'The benefits are some way off': Energy industry urges government to accelerate work to deliver promised bill savings

Energy UK calls for greater clarity from government on how it intends to deliver promised reforms to drive down emissions and energy bills

Michael Holder
clock 12 March 2025 • 7 min read
Ofgem fast-tracks tool to boost flexible energy market participation

Ofgem fast-tracks tool to boost flexible energy market participation

Launch date for system designed to make it easier for aggregators to register flexible assets is brought forward by a year to 2027

Stuart Stone
clock 10 March 2025 • 4 min read
Global Briefing: US wind and solar generation outpaces coal for the first time

Global Briefing: US wind and solar generation outpaces coal for the first time

The US renewables sector reaches a new milestone, China announces major new clean energy plans, and the EU proposes more flexibility for auto emissions targets

James Murray
clock 07 March 2025 • 8 min read