Sanctions Have Not Been So Bad
... Of course, there have been losses, there has been some pain on both sides, but it’s slowly getting better. What prospects do you see for our economic ties, maybe in the energy sphere as well, given the circumstances we are living in? Igor Yushkov: Sanctions vs. Cheap Oil: What is More Dreadful for Russia’s Fuel & Energy Complex? For European Union countries, one main point is that they’re a net energy importer. The EU is the largest net energy importer in the world, bigger than Japan and China. Its production is scheduled to go down and its consumption is projected to rise. So it will need to fill that gap — that growing deficit — with energy from somewhere else. Now, of course, people are talking about diversification, about seeking ...