News & Analysis as of

Ukraine Energy Sector Oil & Gas

Latham & Watkins LLP

Sanctions Update EU and UK Tighten Restrictions on Russian Oil and Provision of Software to Russia

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During 18-19 July 2025, the EU unveiled its 18th “package” of sanctions launched against Russia since Russia’s invasion of Ukraine in February 2022. Among these measures, the EU seeks to close an apparent loophole by which...more

Flaster Greenberg PC

Energy Insecurity Threatens Food Production

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Prior to Israel’s recent attacks on Iran, energy prices and supplies were buffeted by the continuing war between Ukraine and Russia. Following the American bombing of three Iranian nuclear sites, Iran threatened to close the...more

Flaster Greenberg PC

Corruption in Ukraine Spells Potential Trouble for Post-War Economic Rebuilding

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Ever since the relationship between former President Joe Biden’s son, Hunter, and a Ukrainian energy company called Burisma became public, Ukrainian energy companies have been in the public eye. That remains the case, as the...more

Skadden, Arps, Slate, Meagher & Flom LLP

Latest EU Sanctions Extend Asset Freezes, Restrict Oil Industry Dealings and Target ‘Shadow Fleet’

The European Union (EU) has reaffirmed its sanctions policy toward Russia by implementing two rounds of restrictive measures that are intended to further intensify pressure on Russia’s government and economy. Specifically,...more

Ropes & Gray LLP

Russia/Ukraine Crisis: U.S. Targets Russia’s Energy Industry

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On January 10, 2025, the United States announced (another) major sanctions package targeting Russia, potentially representing the Biden administration’s last and best effort to strengthen Ukraine’s negotiating position in...more

Flaster Greenberg PC

If Europe Freezes, Will Ukraine Burn?

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As I predicted might happen in a previous article, Ukrainian President Volodymyr Zelenskyy stopped Russia from exporting oil and natural gas pumped in Russia through pipelines traversing Ukraine to Austria, Hungary and other...more

Flaster Greenberg PC

Europe's Latest Energy Challenge - Expiring Russia/Ukraine Transit Agreement

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Despite being at war for almost three years, Russia has continued to ship natural gas via pipelines through Ukraine to other countries in Europe. That has kept money flowing to both countries, which helps as they try to kill...more

Flaster Greenberg PC

Putin Faces Risks His Energy Holdings Cannot Prevent?

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As the Ukraine war progresses toward its third winter, Russian President Vladimir Putin finds himself besieged on numerous fronts. During the first 30 months of this conflict, Putin used his vast energy resources to hedge...more

Flaster Greenberg PC

China Delivers Another Economic Blow To Russia

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When Russia invaded Ukraine in February 2022, it lost access to many world markets, including much of Europe. Countries like Germany, which for years had relied on Russian gas and oil, now turned sharply away and sought to...more

Opportune LLP

Q&A: The State Of Oil & Gas M&A Activity & What To Expect In 2023

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The current landscape of M&A and A&D dealmaking in the U.S. oil and gas industry looks a lot different than what it did in the 2015-2019 period. During the pandemic, commodity prices sank to historically low levels (WTI crude...more

Flaster Greenberg PC

Squandering Energy Independence in a Chaotic World

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Over the last two weeks, while news coverage in America has been fixated on the FBI’s raid on Donald Trump’s home at Mar-a-Lago, and later on the death of Queen Elizabeth II, there have been important news stories not widely...more

J.S. Held

The Energy War in Europe: Gas and the Russian Oil Price Cap

J.S. Held on

In tandem with the military conflict in Ukraine, an equally aggressive campaign is being waged over the supply of gas and oil from Russia. On 5 September 2022, Russia gave up the pretence that solely technical problems...more

Flaster Greenberg PC

German Stance On Russian Energy Could Affect Future Of The Euro

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Since the execution of the Maastricht Treaty in 1992 that led to the establishment of the Euro single currency, different European Union countries have faced issues meeting the Treaty’s requirements to maintain the currency,...more

Latham & Watkins LLP

The Energy Regulation and Markets Law Review - 11th Edition - France

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In our 11th year of writing and publishing The Energy Regulation and Markets Review, the most pressing global concerns are inflation, supply chain concerns, the Ukraine war and continuing effects from the covid-19 pandemic....more

Foley & Lardner LLP

What’s Next in Washington? - April 2022

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While Congress has a two-week recess in April, there are many priority items on the agenda this month. Less than two weeks after signing the Fiscal Year (FY) 2022 spending package, President Biden released his budget for FY...more

Orrick, Herrington & Sutcliffe LLP

No longer a ‘pipedream’: Are the oil and gas sanctions on Russia an opportunity for Hydrogen to move to the front and centre of...

In response to Russia’s military actions in Ukraine, European and other western States have imposed wide-ranging sanctions on Russian businesses and individuals. Europe’s heavy reliance on Russian oil and gas has been at the...more

Skadden, Arps, Slate, Meagher & Flom LLP

US Bans Russian Oil Imports and Restricts Investment in Russia’s Energy Sector

On March 8, 2022, President Joe Biden issued Executive Order (E.O.) 14066, which bans the import of Russian oil, gas and other energy products into the United States and imposes sweeping prohibitions on new U.S. investment in...more

Flaster Greenberg PC

As Russia And China Grow Closer In Energy, America Unilaterally Disarms

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Two new developments of enormous significance passed under the radar last week, buried by the growing threat of an outright Russia/Ukraine war and governmental encroachment on democracy in Canada. These developments, however,...more

Flaster Greenberg PC

Russia's Invasion Of Ukraine Forces A Rethink Of American Energy Policies

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Shortly before Russia invaded Ukraine on Thursday, February 23, President Biden reinstated the sanctions against the Nord Stream 2 pipeline that he had waived only last year. Depending on what side of the political divide you...more

Flaster Greenberg PC

The End Of Energy Innocence

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When Vladimir Putin sent his troops into Ukraine to go conquer that democracy, all of the abstract concepts about energy ended. While not quite a Pearl Harbor moment in terms of instantaneous ideological shift, Putin's...more

Foley Hoag LLP

Russia and Belarus Sanctions Update – March 11, 2022

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I. Biden Administration Import and Investment Ban Related to Russian Energy - On March 8, 2022, the Biden administration announced its widely anticipated ban on the import of Russian oil and other energy-related...more

McDermott Will & Schulte

Ukraine Crisis: New US Sanctions on Russia and Belarus

In this alert, our trade and sanctions team provides an update on the latest sanctions following our February 24, 2022, alert. In the interim, the United States has imposed new sanctions on Russia and Belarus in response to...more

Snell & Wilmer

Global Connection - The Russian-Ukraine Conflict: Expanding Export Restrictions in the Energy Sector

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The Russian Federation’s intensifying war efforts across Ukraine prompted the U.S. government to announce that it will implement a ban on Russian oil and gas imports. Under the ban, the U.S. will not import “Russian crude oil...more

Venable LLP

Update: President Biden Targets Russian Energy Sector

Venable LLP on

This is part of a series of advisory alerts from Venable in response to the ongoing situation in Ukraine. Earlier alerts on Russia and Ukraine sanctions are available here....more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights, Volume 6, Issue 3

Sen. Manchin Slams ‘Hypocritical’ Biden for Not Curbing Russian Energy Imports Over Ukraine Invasion - "Mr. Manchin, West Virginia Democrat, said that the administration needs to curtail its reliance on Russian petroleum...more

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