US Sanctions on Gazprombank: Possible European Energy Cost Increase

U.S. sanctions against Gazprombank could make it harder for European countries to pay for Russian oil and gas, which could lead to higher energy prices. This is because the U.S. is stopping Gazprombank from doing business with other banks, which might force them to find new ways to pay for oil and gas.

This situation could make things more difficult and costly for Europe.

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