In the wake of the Ukraine-Russia war, russia was shocked by the european countries. It was unanimously decided to suspend the oil and gas currently being purchased from russia for at least six months. This will immediately stop foreign exchange reserves against Russia. With that, russia is investing in weapons it is buying from other countries. Similarly, the country is struggling to prevent economic problems.
Both european countries buy 25 percent of the world's oil and 40 percent of their natural gas from Russia. There is growing debate that the european union, which opposes the war, is indirectly helping russia to avoid funding shortages. Pressure is mounting on EU countries to indirectly avoid funding shortfalls by purchasing oil and gas from Russia.
EU countries have recently reviewed the pressure on the allegations against them. The Polish-German governments have announced that they will no longer supply natural gas with the latest decision taken by the EU. It is understood that the latest decision by the EU countries is likely to have a serious impact on Russia.
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This is because no matter how many sanctions the same countries have imposed on russia in the past, they have not had any effect. That is why it was decided to impose economic sanctions on Russia. hungary says the latest decision is part of a broader effort to bring pressure to bear on Russia.
Both ukraine and russia have suffered as a result of the war, which began almost three months ago. Many of the key cities in ukraine and the port cities have almost collapsed. Experts estimate that even if the war is stopped now, it will take at least ten years for Ukraine's revival to take place. The european union (EU) has also decided to review its latest ban on oil and gas purchases after six months.
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