Bloomberg: Sanctions on Russia again undermine Europe's energy security

Bloomberg : Sanctions against the Russian Federation once again hit Europe's energy security

The US agency spoke about the worsening energy crisis in the EU.

The US edition of Bloomberg, Europe has received another blow to its energy security.

This happened after oil supplies from Russia were suspended along the southern branch of the “Druzhba” pipeline.


Recall that the pumping of the black gold has been partially suspended due to anti-Russian sanctions that prohibit accepting payments from Russia.

As a result, “Transneft& #8221; limited in its ability to pay for fuel transit through Ukraine and to EU countries.

Thus, Europe is waiting for the worsening of the energy crisis, which will lead to higher inflation and an increase in the risk of recession.

Journalists are convinced that Hungary, Slovakia and the Czech Republic are likely to suffer the most from the situation, and the oil industry in these states is currently trying to resolve the problems that have arisen.

According to information published in the; article, the European banks participating in the agreement cannot make their decisions regarding payments from Russia.

These transactions must be approved by national regulatory authorities.

The agency recalls that companies in Europe that previously received oil through “Druzhba”, are now suffering losses. In addition, these states are now forced to spend their reserves of black gold.

Earlier, TopNews wrote that experts expected a “storm of energy and to chaos”; in Europe.

Disappointing forecasts for the Old World are made for the nearest period.


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