Monday, September 18, 2023

Hypocrisy report: EU buying Russian LNG despite sanctions

 


 

 

 

The European Union has spent around $5 billion on Russian LNG in the first seven months of 2023.

The bloc seems to have swapped piped Russian gas for its liquefied version, despite promising to reduce dependence on Moscow.

The EU's LNG imports from Russia are 40% higher than its pre-war levels - and at a higher cost.

The EU continues to shoot itself in the foot.

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