The Australian government is monitoring international energy markets after Russian President Vladimir Putin announced a “special military operation” in Ukraine and signalling the intent to move troops into the country. The latest move follows weeks of international opposition to Putin’s amassing of troops on the border and the recognition of two breakaway regions in eastern Ukraine, Donetsk, and Luhansk. Australia’s Minister for Industry and Energy Angus Taylor said the country had adequate fuel supplies to meet domestic demand despite the global disruptions. “The situation between Russia and Ukraine has added to global oil price pressures, which are being experienced right around the world. We understand that as a result of this, many Australian families and businesses are feeling this at the pump when they go to fill up their vehicle,” Taylor said in a statement. “While we cannot control these international price spikes, we are closely monitoring the situation with …
Australia Monitoring Global Energy Markets Following Breakout of Conflict in Ukraine
February 24, 2022
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