Core Points - The EU and the US announced new sanctions against Russia on October 23, 2025, focusing on the energy sector, which is crucial for Russia's economy [1] - The EU's 19th sanctions package includes a complete ban on Russian liquefied natural gas (LNG) imports effective January 1, 2027, and sets a price cap of $47.6 per barrel on Russian crude oil [1][2] - The US Treasury imposed sanctions on two major Russian oil companies, Rosneft and Lukoil, which account for nearly half of Russia's total oil exports, freezing their assets in the US [1][2] Energy Sector Impact - The EU's ban on LNG imports will significantly affect Russia's LNG trade, which generated over €15 billion in revenue in 2024 [2] - Slovakia initially opposed the sanctions due to its heavy reliance on Russian energy but eventually agreed after receiving EU commitments for energy price subsidies and support for its automotive industry [2] - In 2024, Russia's LNG exports reached 54.45 billion cubic meters, making it the second-largest gas supplier to Europe, despite a drop in pipeline gas exports to the EU [2][9] Market Reactions - Following the US sanctions on Rosneft and Lukoil, global oil prices surged by 5%, reaching a two-week high, impacting oil trade in Africa and Asia [7] - The EU's natural gas wholesale prices are now nearly five times higher than those in the US, significantly affecting the competitiveness of EU industries [7] - The sanctions are expected to push Russia to seek alternative markets, particularly in Asia, as it adjusts its energy sector to cope with Western sanctions [3][9] Future Developments - Russia is enhancing its energy cooperation with China, including a binding memorandum for the Power of Siberia 2 gas pipeline project, which will transport 50 billion cubic meters of gas annually [5] - The EU has been reducing its dependence on Russian gas since 2021, decreasing from 45% to 18% by 2024, while also increasing its LNG imports from Russia to a record 16.5 million tons in 2024 [9]
俄罗斯经济命脉被掐!不料普京出奇招,中国送上的大礼成最大变数
Sou Hu Cai Jing·2025-11-01 09:44