Complications with supply to the US, Asia driving Russian pivot to East Sanctions leading to Russian crude selling at significant discounts Russian trade in currencies other than the dollar, euro Continue Reading
Europe and Russia will both lose heavily if President Vladimir Putin follows through on his threat to cut gas supplies to countries he judges “unfriendly” unless they pay in roubles. Continue Reading
Russian state-owned energy giant Gazprom (GAZP.MM) said on Saturday it was continuing to supply natural gas to Europe via Ukraine in line with requests from European consumers. The company said Continue Reading
The European Union is working on further sanctions on Russia but any additional measures will not affect the energy sector, the EU’s Economic Commissioner Paolo Gentiloni said in Cernobbio on Continue Reading
Germans are snapping up wood and coal, despite the arrival of Spring, with an eye on climbing gas prices and uncertainties about the effects of a prolonged war in Ukraine. Continue Reading
Russian gas flowed into Europe on Friday, while European gas prices continued to rise, as firms grappled with President Vladimir Putin’s threat to cut off supplies unless they paid in Continue Reading
Euro-zone inflation surged to a record 7.5% in March from a year ago as Russia’s war in Ukraine further boosted already soaring energy costs. While that’ll cost consumers about 230 Continue Reading
Russian President Vladimir Putin is demanding payment in rubles for natural gas — or else. Germany is talking about gas rationing in case of a cutoff. Prices for the fuel Continue Reading
For 400 years, Carletta Heinz’s family has produced bespoke glass bottles for the world’s leading perfumeries in a factory on the edges of Germany’sFranconian forest. But Russia’s invasion of Ukraine Continue Reading
European importers of Russian natural gas have until at least the second half of April to comply with Moscow’s demand that they pay in roubles, the Kremlin said, as buyers Continue Reading
