Novatek CEO Leonid Mikhelson said on October 22, on the sidelines of the Verona Eurasian Economic Forum in Istanbul, that Russia cannot be isolated from the global LNG market. He said that if the EU's ban on Russian LNG imports takes effect on January 1, 2027, the company can redirect its cargoes to other markets. Mikhelson added that the EU still has 71 days to make any decision, and that Brussels is paying more attention to industrial production and energy security. He also said European companies with long-term contracts with Russia can keep cooperating to supply gas to markets outside Europe. On a US proposal for Europe to resume buying Russian oil and gas, he said it shows Washington is also concerned about industrial decline and job losses in Europe.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Châu Âu quyết cấm cửa khí đốt Nga, ông lớn năng lượng tuyên bố còn cả thế giới để bán, cho Brussels 71 ngày suy nghĩ lại
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Related tickers and likely impact
EUR/USD
▼ Likely negativeRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/22/2026 | 1.12168 |
| Change that session | -0.14% |
XAU/USD
▲ Likely positiveRelevance: low
| Market | Gold |
|---|---|
| Close on 10/22/2026 | 4,024.59 |
| Change that session | -2.82% |
DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/22/2026 | 101.62 |
| Change that session | -0.07% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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