Gazprom feels the heat
New US sanctions on Russia may create problems for the country's gas export giant
Donald Trump's America was supposed to be a friend to Russia. But new US sanctions—engineered by Congress, not the White House—are revising opinions. The new measures have some bite, and may even endanger the completion of Gazprom pipelines to Europe as well as jeopardise the gas-export monopoly's alliances with other Western partners. Gazprom certainly thinks so. It made the admission in that the new sanctions could threaten construction of Nord Stream 2 and Turkish Stream in a Eurobond prospectus issued in mid-July, before Trump grudgingly signed off Congress's bill on 2 August. US lawmakers said the new sanctions are a response to Russian aggression in Ukraine and efforts to influence the
Also in this section
11 July 2025
Equinor and its partners at Norway’s largest oilfield have pulled the trigger on a fresh $1.3b investment that will maintain high output for longer
11 July 2025
Reassessment of the country’s export-facing gas policy coincides with worsening domestic market backdrop
10 July 2025
Without sanctions relief, there is little reason to believe the latest potential attempt at exports from the Russian liquefaction project will be more successful than the one last summer
9 July 2025
Efforts to restructure and boost investment appear to be working, but doubts remain about the plan to almost double crude production by 2030
