In recent days, the invasion of Russia has been at the center of international discussions. Despite the numerous casualties, civilian deaths, population displacements and Putin’s aggression, the supply and demand difficulty in the oil sector remains one of the critical points of the invasion.
The Kremlin ‘s invasion of Ukraine has created a shock to energy prices around the world. In the last week of February, oil prices rose above $100 per barrel for the first time since 2014. These repercussions were expected, given Europe’s dependence on Russian natural gas.
The world – Europe in particular – needs a solution to its dependence on Russian oil. To counterbalance, Western nations must increase their investments in natural gas, mainly through the construction of the Eastern Mediterranean gas pipeline…..
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