Kremlin-controlled energy giant Gazprom will post record revenue and profits in 2022 thanks to surging prices triggered by what Brussels has called Russian gas “blackmail.” But Moscow’s war on Ukraine is destroying Gazprom’s future in Europe, which has been its bread-and-butter market for decades.
Curtailing Russia’s energy revenue has been a tough nut to crack for Western governments so far. After President Vladimir Putin launched a large-scal
The United States and Europe are discussing the idea of a price cap on Russian oil to cut Kremlin revenue for its war in Ukraine. Experts say it could be difficult to pull off.
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