Russia is inching closer to a default on its sovereign debts after an industry body overseeing the credit-default swaps market ruled Wednesday that the Kremlin failed to meet its obligations Continue Reading
Russian President Vladimir Putin announced Wednesday that his military successfully test-launched an intercontinental ballistic missile with the potential to carry a large nuclear payload, but the Pentagon said it was Continue Reading
In 2022, for the first time ever, Europe is set to install more than four gigawatts of offshore wind capacity in a single year. The previous record, set in 2019, Continue Reading
U.S. Banks are facing massive write-offs following their exit from Russia. Citigroup is one of the banks with the largest disclosed exposure to Russia. Some banks have performed well despite Continue Reading
In a concerted move to move away from its heavy reliance on Russia amid the Ukraine crisis, Germany authorities have finally given in and allowed gas drilling to proceed in Continue Reading
In Germany’s most definitive statement yet regarding Russian oil and gas imports, the German Foreign Minister has pledged that the country will cease importing Russian oil entirely by the end Continue Reading
The European Commission has been considering an embargo on Russian oil. It’s not clear yet when the sixth package would be proposed by the European Commission. EU in talks with Continue Reading
Xi Says China Has ‘No Limits’ Partnership With Russia China will continue strengthening strategic ties with Russia, a senior diplomat said, showing the relationship remains solid despite growing concerns over Continue Reading
China imported 321,380 tonnes of liquefied natural gas from Russia in March, steady from the same month last year, despite a steep fall in the country’s total imports of the Continue Reading
China more than doubled imports of steel-making coal from Russia in March, procuring the fuel at a discount as other nations move to ban deliveries due to the war in Continue Reading
