economy
March 19, 2026
Putin's Order on Possible Withdrawal from EU Energy Markets Being Worked Out
The energy market is currently experiencing serious turmoil due to the war around Iran, Dmitry Peskov noted
TL;DR
- Russia is considering proactively stopping energy supplies to the European market.
- President Putin has tasked the government with assessing the feasibility and advisability of halting energy supplies to Europe.
- EU countries plan to impose additional restrictions on Russian hydrocarbons starting April 25, potentially leading to a complete ban by 2027.
- The energy market is currently experiencing significant turmoil, partly attributed to the war around Iran.
- Russia may find it more beneficial to redirect energy supplies to other markets now.
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