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March 16, 2022

Ukraine crisis: EU bans investments in Russian energy sector

With these measures, the EU intends to increase the economic pressure on Russia.

Understand the impact of the Ukraine conflict from a cross-sector perspective with the Global Data Executive Briefing: Ukraine Conflict

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The European Union (EU) has announced a ban on new investments across the Russian energy sector as part of its fourth package of sanctions on the country over its invasion of Ukraine.

Reuters reported that the ban will apply to the whole energy sector, excluding nuclear energy because some nations in the EU depend on technology from Moscow for their Russian nuclear reactors.

The EU also said that there will be some limited exceptions for some civil nuclear energy and the transport of certain energy products from Russia back to the EU.

The measures are expected to impact major Russian oil companies Rosneft, Transneft, and Gazprom Neft, although EU members will still be able to buy oil and gas from them.

They will also ban investment in energy projects within Russia run by Gazprom and other Russian firms.

With its latest package of sanctions, the EU intends to increase the economic pressure on Russia and ‘cripple’ its ability to finance the invasion of Ukraine.

The bloc said that the measures were implemented by coordinating with its international partners, including the US.

It announced them following an agreement by the Council of the EU and the European Council to adopt a fourth package of restrictive measures.

In a statement, the EU said: “Today’s agreement builds on the wide-ranging and unprecedented packages of measures the EU has been taking in response to Russia’s acts of aggression against Ukraine’s territorial integrity and mounting atrocities against Ukrainian civilians and cities.

“As guardian of the EU Treaties, the European Commission is in charge of monitoring the enforcement of EU sanctions across the Union.

“The EU stands united in its solidarity with Ukraine and will continue to support Ukraine and its people together with its international partners, including through additional political, financial and humanitarian support.”

Related Companies

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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