In recent weeks, the European Union has seemed to be upping the ante regarding its addiction to Russian hydrocarbons. Internal pressure and market realities seem to be forcing Brussels to close the door to Moscow, full stop. As indicated by the new agreement to phase out all Russian gas imports by 2027 and LNG by the end of 2026, European leaders reiterated that the EU is finally severing the last remaining pipelines, literal and political, that it still binds to Moscow. Even though all statements are emphatic, stating an ambitious timeline and…
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