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Russian Energy Industry to Resist EU Sanctions
The latest package of sanctions adopted by the EU against Moscow steps up the assault on the Russian energy sector, including its gas industry. A ban on exports of key liquefaction equipment looks set to deal a severe blow to Russia's ambitions. The new measures against LNG in response to Russia's invasion of Ukraine represent a change of tack by Brussels, although it doesn't immediately target the gas flows that Europe depends on. There is little doubt in Moscow that restrictions on Russian oil imports will be next in line, following the recent ban on Russian coal. Russian energy companies will have to review their ... (full story)