SWIFT action: Energy analysis on Europe’s dependence on Russian fossil fuels

  • SWIFT action: Can Europe dump Russian energy imports? (Part 1)

    SWIFT action: Can Europe dump Russian energy imports? (Part 1)

    Following an initial period of utter shock, Russia’s invasion of Ukraine brought about a torrent of reaction across the globe. With new sanctions on elites, big business, and financial institutions being announced seemingly every hour, people are calling on their governments to go beyond: to a full embargo of the Russian Federation. The motivation is…

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  • SWIFT action: Can Europe dump Russian energy imports? (Part 2)

    SWIFT action: Can Europe dump Russian energy imports? (Part 2)

    In Part 1 of this series we saw that the European Union is dependent on Russia for a large proportion of its energy: 46% of coal, 38% of gas, and 23% of oil. These fossils are used to keep the lights on, power industry, heat homes, and move people and goods. It’s a big dependence…

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  • SWIFT action: Can Europe dump Russian energy imports? (Part 3)

    SWIFT action: Can Europe dump Russian energy imports? (Part 3)

    Recap: In Part 1 we saw just how dependent Europe is on Russian gas (38%), coal (46%), and oil (23%). Russia’s energy sector accounts for 40% of it GDP, so taking that away can work to halt the war machine. In Part 2 I proposed some short-term measures that can take the EU a few…

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