PoliticsPhoto: Firstpost BusinessEU Drops Push for Arctic Oil Ban Amid Russia, China, US Rivalry
The European Union is abandoning its campaign for a global ban on new oil and gas drilling in the Arctic due to rising geopolitical tensions with Russia, China, and the US. While the EU will continue opposing Arctic drilling, it will no longer seek an international agreement to halt new fossil fuel projects. This shift reflects the Arctic's growing strategic importance as major powers compete for influence and resources.
Firstpost Business·



