Natural gas prices at new highs: Is Russia using gas as a geopolitical weapon? - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Sunday, 7 August 2022

Natural gas prices at new highs: Is Russia using gas as a geopolitical weapon?

Russia has been facing several economic sanctions from the US and European Union after its inversion of Ukraine. This includes freezing the assets of the Russian central bank, barring Russian banks from international transactions, and limiting imports of Russian oil and gas. The European Union also announced plans to reduce demand for Russian gas by two-thirds and make Europe independent from Russian fuels by 2030.

from Commodities-Markets-Economic Times
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