U.S. Sanctions on Gazprombank: Potential Impact on European Energy Costs

Sanctions on Gazprombank by the United States could make it difficult for Russian oil and gas buyers to make payments, possibly leading to higher energy costs in Europe, as stated by some experts. They believe that finding new ways to pay, like using different banks or currencies, might create more risks and complications, which could cause the prices of oil and gas to go up.

Alexander Frolov from the Institute of (…)

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