economy
March 7, 2026
Western energy pressure on Russia has backfired
Western energy pressure on Russia has failed, Kirill Dmitriev has said, noting those who retained ties with Moscow made a “wise choice”
TL;DR
- Western energy pressure on Russia has failed and is backfiring, according to Kremlin envoy Kirill Dmitriev.
- Countries that partnered with Russia on energy made a wise strategic choice and will be best positioned for the future.
- Shipping disruptions due to conflicts could open opportunities for Russia to expand energy exports to alternative markets.
- EU gas prices hit three-year highs, leading to calls to drop sanctions from politicians in several European countries.
- The US has exempted Rosneft's German subsidiaries from sanctions and temporarily eased sanctions for India to buy Russian oil.
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