Korea has provided Ukraine with four excavators that will be used to repair and restore the energy infrastructure.
When Russian tanks and troops rolled into Ukraine one year ago, it was no shock that crude prices spiked above US$100 per barrel for the first time since 2014.
Energy security has been ignored for too long, a diversified and global strategy is needed if the world is going to avoid future energy crises
Russia is energy self-sufficient. It does not need to import energy from Africa, it can only act as a fortified gatekeeper
Russian state gas giant Gazprom has already cut gas flows to Germany via the key Nord Stream 1 pipeline by 60% from last month, citing an equipment hold-up in Canada as a result of sanctions over the war in Ukraine.
European Union leaders agreed to pursue a ban on imports of most Russian oil
Crude has surged in 2022, with Brent hitting US$139, its highest since 2008, in early March as Russia’s invasion of Ukraine exacerbated supply concerns