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Vietnam: Sanctions ripple as energy transition hangs in balance

A boat passes workshops making charcoal from coconuts along the Mekong river in Ben Tre province on December 2, 2021. (Photo by Nhac NGUYEN / AFP) (Photo by NHAC NGUYEN/AFP via Getty Images)
A boat passes workshops making charcoal from coconuts along the Mekong river in Ben Tre province on December 2, 2021. (Photo by Nhac NGUYEN / AFP) (Photo by NHAC NGUYEN/AFP via Getty Images)

Green energy opportunities are available despite confused government policy and uncertainty caused by Russia’s invasion of Ukraine.

As Vietnam tries to position itself as a neutral negotiator between Russia and Ukraine with an abstention on the UN resolution against Russian aggression, its close ties to Moscow are causing friction in its changing energy market.

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