www.bloomberg.com
The UK government has held off on sanctioning Lukoil PJSC’s international arm, highlighting the cautious approach Western nations are taking when targeting the Russian energy giant. This hesitation reflects concerns about potential disruptions to global energy markets and the potential impact on consumers and businesses reliant on Lukoil’s supply chains. While aiming to penalize Russia for its actions, Western governments are carefully weighing the economic consequences of directly targeting a major energy player like Lukoil. This delay suggests a need to balance punitive measures with the need to maintain energy stability.
