EXPLAINER: Why is Europe balking at a ban on Russian energy?

EXPLAINER: Why is Europe balking at a ban on Russian energy?

SeattlePI.com

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Shocking pictures from the Ukrainian town of Bucha and accusations of Russian war crimes are building pressure for more sanctions against Moscow. A key potential target: Russian oil and natural gas, and the $850 million that European importers pay for those supplies every day.

But it's not so easy, given Europe's dependence on Russian energy.

Western sanctions so far have targeted Russian banks and companies but spared oil and gas payments — a U.S. concession to keep European allies on board and present a united front.

Here are key facts around Europe's energy imports from Russia and whether a boycott is possible:

WHAT SUPPLY IS AT STAKE?

Europe gets 40% of its natural gas from Russia, which is used to heat homes, generate electricity and supply industry with both energy and a key raw material for products such as fertilizer.

For oil, it's about 25%, most of which goes toward gasoline and diesel for vehicles. Russia supplies some 14% of diesel, S&P Global analysts said, and a cutoff could send already high prices for truck and tractor fuel through the roof.

WHY CAN’T EUROPE CUT OFF RUSSIAN ENERGY LIKE THE U.S. DID?

The United States imported little oil and no natural gas from Russia as it's become a major producer and exporter of oil and gas thanks to fracking. Europe had some oil and gas deposits, but production has been declining, leaving the 27-country EU dependent on imports to fuel its advanced industrial economy.

Of the 155 billion cubic meters of gas that Europe imports from Russia every year, 140 billion comes through pipelines crossing Ukraine, Poland and under the Baltic Sea. Europe is scrambling to get additional supplies by ship in the form of liquefied natural gas, or LNG, but that still can’t make up entirely for losing Russian gas by pipeline.

LNG...

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