How the Russia-Ukraine crisis could be a boon for Gulf energy producers
How the Russia-Ukraine crisis could be a boon for Gulf energy producers
World leaders have rushed to announce hefty sanctions against Russia after it invaded Ukraine by air, land and sea - with the EU, US, and the UK leading the charge.
From London to Tokyo, officials have announced biting economic sanctions and threatened more are on the horizon, with the EU outlining further measures on Friday - saying it would stop the access of Russian banks to the European financial market, and impose penalties on Russia’s aviation, technology and energy sectors.
Germany has made the most notable move so far, halting certification of an $11 billion gas pipeline project from Russia which had been set to relieve pressure on European consumers facing record-high prices.
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