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Monthly gas supply balance in the European Union, 2014–2021. Flexible gas supplies will become even more important as reliance on solar and wind power grows. European gas imports from Russia in 2021, with breakdowns. Russia supplies a significant volume of fossil fuels to other European countries.
EUR/Ruble exchange rate (Rubles per Euro. On 23 March 2022, Russian President Vladimir Putin announced payments for Russian pipeline gas would be switched from "currencies that had been compromised" (that is, US dollar and euro) to payments in roubles when the transaction involved a country formally designated "unfriendly" previously, which included all European Union states; on 28 March, he ...
The European Union condemned this action as an invasion and imposed visa bans and asset freezes against some Russian officials. [252] The Council of the European Union stated that "Russia's violation of international law and the destabilisation of Ukraine [...] challenge the European security order at its core." [253]
The EU has significantly reduced imports of gas from Russia since it launched its full-scale invasion of Ukraine in 2022, but a number of eastern member states still depend largely on the supplies ...
The EU has also ramped up imports of Russian LNG to help heat its homes and power its factories, but faces a self-imposed deadline of 2027 and plans to break its dependence on all Russian fossil ...
Russia has knocked out about 9 gigawatts (GW) of Ukraine's energy infrastructure, which von der Leyen said was the "power equivalent of the three Baltic states". EU to send 160 million euros from ...
Since the 2022 Russian invasion of Ukraine, the European Union, the G7 nations and Australia have imposed sanctions on Russia.The sanctions on oil began in December 2022 and included an embargo of Russian oil, namely, the bringing of crude oil and refined oil products from Russia to the EU and other G7 nations by ship, with a few exceptions.
Prime Minister Albin Kurti condemned the Russian invasion as "the largest military aggression, not only in Europe, since the end of the Second World War", stating "we stand in solidarity with the people of Ukraine and stand together with the EU, NATO, the US, and the UK for state sovereignty, territorial integrity, the country's independence ...