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EU energy sanctions: division and growing dependence – Analytics & Forecasts – 19 June 2025

June 19, 2025
in Forex
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EU energy sanctions: division and growing dependence – Analytics & Forecasts – 19 June 2025
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With out Washington’s assist, will probably be troublesome for the EU to observe the implementation of sanctions in opposition to Russian vitality sources and persuade its member states of their necessity. On the G7 assembly, Donald Trump mentioned he had no plans to approve new sanctions in opposition to Russia, noting that Europe was nonetheless discussing the problem however was not taking motion.

Regardless of the restrictions imposed by the EU to cut back Russia’s export revenues, their implementation faces obstacles. Hungary and Slovakia have vetoed the European Fee’s plan to part out Russian vitality. The Hungarian International minister mentioned that this battle could be an extended one, accusing Brussels of yielding to Kiev. He pressured that Hungary supplies greater than 40% of Ukrainian electrical energy imports, however will not be positive about persevering with if it loses Russian sources.

Moscow, in flip, argues that the West’s abandonment of hydrocarbons was a mistake, growing its dependence because of excessive costs. On the identical time, in line with Russia, European nations proceed to buy its oil and gasoline via intermediaries, overpaying for sources.



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Tags: AnalyticsdependencedivisionEnergyForecastsgrowingJunesanctions
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