×

We've got news for you.

Register on TimesLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Russia needs European cash more than Europe needs Russian gas

Soaring gas prices suggest Russia has Europe over a barrel, but it’s a tenuous scenario that could backfire on Moscow

24 February 2022 - 20:08 By David Fickling

Overplaying your hand in energy markets rarely ends well. When Arab members of Opec announced an oil embargo as a result of the 1973 October war, importing countries raced to develop domestic oilfields and alternative energy sources, resulting in the most drastic decline in oil consumption the world has ever seen...

Support the Sunday Times by buying a subscription.

You’ve always trusted us to help you navigate the world. Support the Sunday Times by becoming a premium member for only R80 (digital access) and keep the conversation going. You can cancel anytime.

Already subscribed? Sign in below.

Digital access for only R80



Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.