Opinion

As oil and gas sanctions bite, Russia’s economic weapon backfires

Kremlin’s hopes to exploit Europe’s reliance on Russian gas fall short as sanctions take heavy toll on country’s energy sector

Russian President Vladimir Putin (centre) launches the Arctic LNG 2 project’s first train during a visit to the construction centre at Belokamenka, near Murmansk last week.
Russian President Vladimir Putin (centre) launches the Arctic LNG 2 project’s first train during a visit to the construction centre at Belokamenka, near Murmansk last week.Photo: SPUTNIK/REUTERS/SCANPIX
  • Editorial
RussiaUkraine CrisisGazpromNovatek
Published 25 July 2023, 10:00Updated 25 July 2023, 10:00