The European Union should penalise countries that use roubles to pay for Russian gas, Poland’s climate minister said, following Moscow’s decision to cut off supplies to Poland and Bulgaria over Continue Reading
A closed McDonald’s restaurant at a shopping mall in Moscow, Russia. Source: AFP/Getty Images Bloomberg News Sign up here to get the latest updates on the Russian invasion of Ukraine. Continue Reading
LVIV, Ukraine (AP) — Ever since Russian forces took the southern Ukrainian city of Kherson in early March, residents sensed the occupiers had a special plan for their town. Now, Continue Reading
Vladimir Potanin, received a public scolding from Russian President Vladimir Putin on June 5. The broadcast came just days after his mining company, Nornickel, spilled diesel into the Arctic. Vladimir Continue Reading
Some of Europe’s largest energy companies are preparing to use a new payment system for Russian gas demanded by the Kremlin, which critics say will undercut EU sanctions, threaten the Continue Reading
The chief officer of Iran’s new National Petrochemicals Company invites Russia to help exploit opportunities in the sector. Iran’s petchem industry has not been targeted by international sanctions so far. Continue Reading
Global commodities trader Trafigura Group will stop all purchases of crude oil from Russia’s state oil company Rosneft by May 15, a company spokesperson said on Tuesday. The Geneva-based firm Continue Reading
Gazprom says it will keep supplies turned off until Poland and Bulgaria agree to Moscow’s demand to pay for the crucial fuel in rubles. Bloomberg News Russia’s Gazprom PJSC said Continue Reading
Russia may see its oil production fall by as much as 17% in 2022, an economy ministry’s document seen by Reuters showed on Wednesday, as the country struggles with Western Continue Reading
Russia expects the economy to contract by 8.8% in 2022 in its base case scenario, or by 12.4% under a more conservative scenario, an economy ministry document showed on Wednesday, Continue Reading
