Tag: oil

Hungary: The Foil to EU-Wide Oil Embargo

Fresh sanctions targeting Russian oil have been a source of worry for landlocked EU member states, such as Hungary. Ironing out a deal has therefore been fraught with hurdles.

New EU Sanctions Target Russian Oil and Orthodox Church

Experts warn that cutting off Russian oil imports will increase the price of gasoline for European consumers. They also caution that delayed onset of the sanctions will only give Russia time to sell its oil elsewhere before losing European business, weakening the effects of the sanctions.

Libyan Instability Renders it Unable to Exploit Rising Oil Prices

The situations in Ukraine and Libya, unrelated as they seem, illustrate the fragility of European energy architecture, and highlight the need for Europe to develop both energy independence and the ability to exert power in the maintenance of stability in its geopolitical neighborhood.