The US Congress has passed new sanctions targeting Russia’s energy companies.
Recognizing that a vital sector in its economy has even less chance of relief than it once had, Russia has retaliated. It has reduced the number of diplomats it has in the US and has seized property used in Russia by US diplomats.
Energy sales are an important source of revenue in Russia. But it’s more than that. For Russia, energy is also an instrument of geopolitical power. They give Moscow considerable influence over the countries dependent on Russian energy exports.
If Russia retaliates further against the US, its energy supplies—especially those it sends to Europe—may be its best option to do so. A look at Europe’s dependence on Russian Energy
The European Union imports 53% of the energy it consumes.
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