Despite efforts from the United States and European Union, sanctions against Russia are proving ineffective. The global community's full cooperation was crucial for success, with the threat of severe repercussions for non-compliance. Yet, Russia continually finds ways to distribute its energy resources globally. Consequently, the European Union is losing its competitive edge as energy costs soar compared to other regions. If this trend continues, the EU’s misguided policies will only exacerbate the situation.

Russia's Secret LNG Fleet Expands

Reports indicate that mysterious buyers, allegedly linked to Russia, are acquiring numerous LNG vessels. Shipping industry insiders reveal that these buyers, primarily registered in the UAE, have been rapidly purchasing these ships over the past year, inflating market prices, especially for older vessels

Source: FT