RIYADH: Danish multinational power company Orsted AS has announced that it has stopped buying Russian gas and biomass to fuel its power stations after Russia invaded Ukraine. The wind power giant will also no longer sign new contracts with Russian firms and will make sure that its renewable energy projects are not receiving direct supplies from them, Bloomberg reported, citing a statement by the company. Even though several corporations have cut ties with Russian firms as a symbolic move, orders of Russian natural gas from energy corporations have rather increased post the political tensions. “The dependency on Russian gas and any ban on import of gas from Russia need to be decided and enforced by clear political sanctions,” Bloomberg reported, citing Orsted CEO Mads Nipper. Accordingly, Western nations have decided on imposing new sanctions to hit the Russian economy as well as its financial system. Possible EU or national sanctions affecting the gas supply will be immediately supported and implemented, Nipper added.