In March 2022, the European Commission published "REPowerEU," a blueprint of its planned changes to the regulation of European Union energy markets in direct response to the Russian invasion of Ukraine in February 2022. At...more
European energy companies face unprecedented uncertainty as a result of Russia’s invasion of Ukraine. As noted in our last White Paper, many countries have progressively imposed increasingly significant sanctions on Russia...more
6/10/2022
/ Counter Sanctions ,
Economic Sanctions ,
EU ,
Foreign Policy ,
Foreign Relations ,
Military Conflict ,
Oil & Gas ,
Russia ,
Trade Retaliation ,
Ukraine ,
Vladimir Putin
European energy companies face unprecedented uncertainty as a result of Russia's invasion of Ukraine. A potential reduction or cessation of Russian gas imports is not unforeseeable and would invariably affect all market...more
5/11/2022
/ Critical Infrastructure Sectors ,
EU ,
Force Majeure Clause ,
Frustration of a Common Purpose ,
Imports ,
Impossibility ,
Military Conflict ,
Natural Gas ,
Oil & Gas ,
Russia ,
Supply Chain ,
Ukraine ,
Upstream Contracts
Traditionally, industry in Germany has enjoyed close commercial ties with Russia and Ukraine. The ongoing conflict in Ukraine and the resulting sanctions imposed on Russia—and by Russia—will inevitably affect these business...more
4/22/2022
/ Business Interruption ,
Contract Termination ,
Contract Terms ,
EU ,
Force Majeure Clause ,
Foreign Commerce ,
Germany ,
Impossibility ,
Military Conflict ,
Performance Standards ,
Russia ,
Ukraine