Gazprombank Sanctions: How They Could Affect Energy Costs in Europe

The U.S. has placed sanctions on Gazprombank, which could disrupt payment processes for Russian oil and gas buyers and possibly lead to higher energy costs in Europe, as reported by Tass. Experts are concerned that finding alternative payment methods, like using other banks or currencies, could increase risks and complexity, resulting in higher hydrocarbon prices.

Alexander Frolov from the Institute of (…).

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