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Russia's recently introduced measures to block transactions with 31 energy companies may substantially extend the purview of its existing economic sanctions, but until the federation issues official guidance about how the measures apply to existing contracts, the practical consequences must be determined on a case-by-case basis, say attorneys at Morgan Lewis. ....
European natural gas prices jumped following disruptions to a key transit route through Ukraine, and as Germany said Russia was using energy as a weapon in an escalating clash over supply.The benchmark contract surged more than 22%, with shipments from Russia via Ukraine set to fall by about 30% on… ....