... geopolitical and economic realities. Export Declines: Numbers that Speak for Themselves From 2021 to 2025, pipeline gas exports to the EU are expected to drop nine-fold. This historic low is attributed to several key factors: Termination of transit through Ukraine: Political and geopolitical tensions have led to halting the traditional supply route. Decreased gas consumption in the EU: The shift toward "green energy" has become a priority for many countries in the bloc. Increase in U.S. LNG: The ...

... However, Hungary has secured the right to receive Russian oil via the Druzhba pipeline. Now, to deliver Russian oil to Serbia, it is necessary to use a cumbersome and more expensive route. Oil is transported through Druzhba, transiting through Belarus and Ukraine, arrives in Hungary, and then is sent to the Croatian port. Here, the oil is redirected and sent back through a second pipeline to Serbia. In the Croatian port, there is a bifurcation: one pipeline directs to Hungary, while another leads to Serbia,...

... were buying gas not from Russia, but from the Turkish hub with multiple suppliers,” explains Yushkov. However, that panic has long passed, sanctions have been clarified, and Europeans are buying Russian gas through the remaining routes – via Ukraine and the Turkish Stream. In September 2024, Gazprom's exports to the EU reached 101 million cubic meters per day, of which 58 million cubic meters were transported via Turkish Stream, with the remaining volumes going through Ukraine. “Now,...

... global and regional markets. ECB statements could influence the euro, especially if they hint at policy shifts. Tuesday, November 19 G20 Summit (Day 2): Foreign ministers from key European nations (Poland, France, Germany, UK, Italy) will discuss the Ukraine conflict’s economic impacts and Europe’s future after Trump’s recent election. Australian Central Bank Meeting Minutes: Analysts will look for signals on potential rate hikes or pauses. Key Economic Data: EU Current Account (September) — ...

Russia has taken a step toward European gas buyers by proposing a new payment scheme for gas. This scheme will allow Europeans to bypass US sanctions, which, since December 20, could effectively halt Gazprom's gas supplies to the EU both through Ukraine and via the "Turkish Stream." What is the clever scheme Russia is offering? A comment for the newspaper "Vzglyad. Russia has taken steps to accommodate European gas buyers by proposing a new payment scheme. This will allow Europeans ...