Now UK Petrol Prices Are Closing In on £100 to Fill Family Cars
UK fuel prices have set a string of new records in recent weeks. The cost of filling up a 55-liter family car with petrol has topped £98 ($122.58) for the Continue Reading
Russia Is Weaponizing Food Supplies in Ukraine, Europe Says
Homes destroyed by Russian shelling in Slovyansk, eastern Ukraine, in early June. Fighting continued on Tuesday in the streets of Severodonetsk, the city in the Luhansk region of eastern Ukraine Continue Reading
Cut Taxes Before Economy Grinds to a Halt, OECD Warns UK
The UK economy will expand at the second-fastest rate among the G-7 advanced nations before sinking to the bottom of the pack, the OECD forecasts. Photographer: Mary Turner/Bloomberg Sign up Continue Reading
Russia, Turkey Hold Talks on Safe Passage for Ukraine’s Grain
Russian Foreign Minister Sergei Lavrov began talks with Turkish officials on Wednesday toward a possible deal to create a sea lane to export grain from Ukraine as a part of Continue Reading
Russia Could Replicate Iran’s Strategy To Skirt Oil Sanctions
The EU’s ban on Russian oil imports by sea could impact as much as 75% of Russia’s crude oil delivery to the bloc. Russia is looking to skirt sanctions by Continue Reading
EU Sanctions on Russia Oil Will Sustain Inflationary Pressures
The EU’s sixth sanctions package on Russia, combined with existing plans, implies an end to over 90 percent of Russian oil sales to the EU by the end of 2022. Continue Reading
Russia’s Crude Oil Revenues Take a Hit Even as Exports Swell
Volumes up, revenues down Photographer: Nathan Laine/Bloomberg Russia is earning less from its oil exports, even as seaborne crude shipments surge to a six-week high. That’s because of the big Continue Reading
Russia’s U.N. envoy storms out of Ukraine meeting over European statement
Russia’s U.N. Ambassador Vassily Nebenzia stormed out of a U.N. Security Council meeting on Monday as European Council President Charles Michel addressed the 15-member body and accused Moscow of fueling Continue Reading
Russia Sanctions U.S. Energy Secretary
The Russian Foreign Ministry has placed sanctions on U.S. Energy Secretary Jennifer Granholm along with 60 other U.S. citizens and top officials, Interfax news agency reports. On Monday, the Russian Continue Reading
Russia’s Oil Export Earnings Set To Decline On Heavily Discounted Urals
While Moscow said earlier this week it was anticipating a more than $6-billion boost in oil revenues in June, despite sanctions, a new report from Bloomberg shows that while Russian Continue Reading