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Russian Energy Is Too Cheap for Some Countries To Resist
Two years into the Russia-Ukraine war and following the introduction of a wide array of sanctions, several countries still refuse to cut ties with Moscow, instead benefitting from low-cost oil and gas. Following Russia’s invasion of Ukraine, the U.S., Europe and several other countries decreased their reliance on Russian energy products, developing alternative supply chains and increasing other sources of oil and gas production to meet demand. As they succeeded in this task, they began to introduce sanctions on Russian energy, aimed at harming Russia’s economy and halting its war efforts. However, some countries ... (full story)