European buyers are unlikely to return to Russia’s energy sector if sanctions are lifted, as the bloc has diversified its power mix with renewable energy and alternative gas suppliers, ministers and executives said at a conference in Houston. Ukraine has agreed to accept a U.S. proposal for an immediate 30-day ceasefire and to take steps toward restoring durable peace after Russia’s invasion, according to a joint U.S.-Ukraine statement on Tuesday. The U.S. government is studying ways it could ease sanctions on Russia’s energy sector as part of a broad plan to enable Washington to deliver swift relief if Moscow agrees to end the Ukraine war, Reuters reported last week.Read More
Europe seeks to avoid Russian energy if sanctions eased, ministers and execs say
