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2 results

  • 5 - The Energy Problem

  • Christine Abely, New England Law, Boston
  • Book:
    The Russia Sanctions
    Published online:
    14 December 2023
    Print publication:
    21 December 2023, pp 53-65

  • Summary

    This chapter discusses restrictions on the import of Russian oil and natural gas into the U.S. and Europe. The chapter also situates this discussion in the context of European dependence on Russian energy supplies and resulting difficulties in enacting energy-related sanctions and trade restrictions. It discusses how a price cap was implemented in order to make energy-related sanctions placed on Russia more effective. Finally, it considers how policymakers are attempting to balance current energy needs with longer-term goals like reducing dependence on Russian energy supplies and building towards a more sustainable future.