In response to the invasion of Ukraine, Western countries are discussing new sanctions against Russia. Unthinkable a few days ago, an embargo on Russian gas and oil is no longer totally excluded.
Russia has warned of ” catastrophic consequences for the oil market in the event of an embargo. It also threatened to cut off deliveries from its Nord Stream 1 gas pipeline to Germany. Europeans, much more dependent on fossil fuels from Russia than Americans, seem divided on the issue. The decryption of Pierre Terzian, director of the weekly letter Petrostrategiesenergy specialist.