Sanctions Have Not Been So Bad
... 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... ... be more competitive. That’s good for Russia, because there are more options, but European firms realise that there aren’t many countries in the world with natural...