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Analyses |
| Iwona Wiśniewska, Filip Rudnik
On 21 November, the United States further tightened financial restrictions on Russia. This time, Gazprombank, along with its Swiss-based subsidiaries and over 50 smaller Russian banks involved in facilitating Russian foreign trade, was…
Analyses |
| Filip Rudnik
According to media reports, three LNG carriers called at the Russian Arctic LNG 2 facility in August of this year. Published satellite images reveal that these vessels collected LNG produced at the facility, marking the commencement of…
Analyses |
| Filip Rudnik
On 24 June, the European Union adopted its 14th package of sanctions against the Russian Federation, which covers a number of areas including trade, transport and finances. The document imposes individual restrictions on 69 individuals and…
Analyses |
| Piotr Szymański, Filip Rudnik
On 16 June, Denmark’s foreign minister Lars Løkke Rasmussen announced that Copenhagen had assembled a coalition of countries to evaluate the possibility of introducing new restrictions against the ‘shadow fleet’ in the Baltic Sea. These…
Analyses |
| Filip Rudnik
In May, Gazprom published its annual financial report for 2023, revealing a loss of 629 billion roubles (around $7 billion at the current exchange rate). This is the first time the company has reported a negative result since 1999. The…
Analyses |
| Filip Rudnik, Iwona Wiśniewska
On 1 May, the United States expanded its sanctions against Russia on another 29 individuals and 250 entities incorporated in the Russian Federation and third countries. The items targeted include:
Analyses |
| Filip Rudnik
According to a report from Reuters at the beginning of April, the Russian LNG giant Novatek intends to reduce the target production capacity of the Arctic LNG 2 facility. This project, which was expected to be Russia’s biggest liquefaction…
Analyses |
| Jakub Graca, Filip Rudnik
On 23 April, the US Senate adopted a set of bills that had already been passed by the House of Representatives, which includes military and budgetary support for Ukraine; a day later, President Joe Biden signed it into law. The Ukraine-…
Analyses |
| Filip Rudnik
According to estimates published by the Argus agency, in 2023 Gazprom sold 69.3 bcm of natural gas to the so-called ‘far abroad’ countries (Europe excluding the Baltic States, plus Turkey and China). This represents a decrease of nearly 33…
Analyses |
| Filip Rudnik
In the second half of January, a series of fires were started in industrial facilities linked to the Russian oil and fuel sector, including the gas condensate processing plant located in the Baltic port of Ust-Luga (Leningrad oblast),…