A U.S. Treasury official has ruled out secondary sanctions to enforce a price cap mechanism on Russian oil exports despite a proposal last week by U.S. senators. Democratic and Republican Continue Reading
After seven weary months of the war, many Ukrainians fear more suffering and political repression awaits them as referendums orchestrated by the Kremlin with help from gun-toting police portend Russia’s Continue Reading
As Europe heads into winter in the throes of an energy crisis , offices are getting chillier. Statues and historic buildings are going dark. Bakers who can’t afford to heat Continue Reading
KUPYANSK, Ukraine—The grain elevator towering over the eastern edge of Kupyansk, the former seat of Russian power in Ukraine’s Kharkiv region, was supposed to be defended by soldiers from an Continue Reading
Prices are listed at a gas station in Rome earlier this year. Russia’s invasion of Ukraine will cost the global economy $2.8 trillion in lost output by the end of Continue Reading
Germany is preparing to introduce a national electricity price cap this fall if the European Union fails to agree on a similar move for the entire bloc, according to government Continue Reading
Images of drunken conscripts brawling and staggering as they depart for the Russian army suggest Vladimir Putin could have difficulty in creating effective fighting forces for his war in Ukraine Continue Reading
President Biden’s national security adviser said on Sunday that the United States had warned Russia that there would be “catastrophic consequences” for the country if Moscow used nuclear weapons in Continue Reading
The United Arab Emirates agreed to an LNG supply deal with Germany’s RWE during Chancellor Olaf Scholz’s visit to the Gulf. The deal only covers one tanker of LNG, or Continue Reading
Oil prices plunged about 5% to an eight-month low on Friday as the U.S. dollar hit its strongest level in more than two decades and on fears rising interest rates Continue Reading
