The role of American gas in the US-Russia sanctions dance
from By Lucy Wallwork
As the claws come out and sanctions are imposed by the West against Russian President Vladimir Putin's government, energy may also hold the key to how the situation will develop. Many doubt that the tit-for-tat sanctions seen so far will expand to anything more meaningful, given the billions invested by Russian oligarchs and businesses in Europe, the heavy dependence of many Europeans and U.S. exposure to strategic Russian players such as Gazprom and Rosneft. But market sentiment suggests otherwise.
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