Economic fences around Russia continue to tighten and target where it hurts most.
Sanctions have started to hurt the Russian economy, but its exports of oil and gas are softening the blow, the Washington PostThe U.S. will increase shipments of liquefied natural gas to Europe, which it had already been in the process of expanding.
There are short and long term goals that call for the EU to import more and more from the U.S. until at least 2030.With the war in Ukraine in its second month, the U.S. and NATO allies continue to do all they can to punish Russia without direct intervention, while leaving room to apply additional penalties in the future.The U.S. is the biggest producer of natural gas in the world and is among the top exporters of LNG, which is the hardest energy for Europe to import.
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