Actus des entreprises • Analyses & Etudes
New measures from the US, UK, and EU aim to significantly reduce reliance on Russian energy supplies
On March 8, 2022, the United States, United Kingdom, and European Union announced measures intended to eliminate or reduce their reliance on Russian energy imports. Until now, these countries had largely refrained from directly sanctioning the Russian energy sector, aside from targeted measures related to debt financing and others, as outlined in our prior alert from March 4, 2022, “Summary of new energy-related Russian sanctions and measures.”
This change in policy targeting Russian energy supplies will likely lead to further upward pressure on energy prices in these countries as well as global oil prices. As expected, the US measures are the most comprehensive, as the United States is relatively less reliant on Russian energy supplies compared to the UK and many EU member states.
We continue to monitor energy-related sanctions associated with Russia’s invasion of Ukraine, but this is a dynamic situation that is continuously changing. This update is current as of March 9, 2022.