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Asia Pacific European Union Trade

EU Plans to End Its Reliance on Russian Energy

Key Points EU leaders say they will block Russian oil imports arriving by sea by the end of 2022. EU has also committed to reducing gas imports from Russia by two-thirds within a year. About half of Russia’s crude oil exports went to Europe in 2021. The Netherlands was the biggest importer of Russian oil […]

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ESG European Union

Four EU Countries Jointly Set an Offshore Wind Target of 65 GW by 2030

Four European Union (EU) countries – Belgium, Denmark, Germany, and the Netherlands jointly set an offshore wind target of at least 65 gigawatts (GW) by 2030. That figure is intended to get more than double to 150 GW by 2050. According to the Global Wind Energy Council, these four countries were having 35.3 GW of […]

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Asia Pacific European Union Global Risk Analysis

Russia-Ukraine War – How Reliant is the World on Russian Oil & Gas?

Amid Russia’s invasion of Ukraine, the United States of America, the United Kingdom, and the European Union have announced to restrict Russian crude oil and gas imports. However, still, they are dependent on Russian oil and gas as Russia is the world’s second-largest exporter of crude petroleum oil and seventh-biggest supplier of petroleum gas. According […]

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