Russian tech executive Ilya Krasilshchik hurriedly packed up three suitcases and boarded a flight to Dubai this week with no plan and no idea what would come next. All he Continue Reading
The sweeping sanctions and rapid decision-making the EU has achieved since Russia invaded Ukraine two weeks ago have confounded critics accustomed to a glacial pace of progress in a bloc Continue Reading
A leading ratings agency has warned Russia is likely to soon default on its debts, as it downgraded the country’s bonds further into “junk” territory. Fitch Ratings slashed its assessment Continue Reading
Europe receives some one-third of its natural gas from Russia, but the dependence varies among EU members. Russia’s invasion of Ukraine and the concern over natural gas and oil supply Continue Reading
Russian President Vladimir Putin has signed a decree that institutes special economic measures that will be in effect until the end of this year. Part of those special economic measures Continue Reading
EC proposals on biomethane, hydrogen ‘key steps forward’ Biomethane industry ‘ready’ to deliver 2030 EC target Sees potential to boost output to 100 Bcm by 2050 The European Commission’s plan Continue Reading
Along with U.S. President Joe Biden banning Russian oil imports, the UK opted to phase out oil imports from Russia in response to Vladimir Putin’s illegal invasion of Ukraine. The Continue Reading
Gas prices surged after climbing as much as 79% on Monday. European gas prices swung wildly after Russia threatened to cut supplies to Europe in retaliation for sanctions, and as Continue Reading
Daily operations at many European refineries rely on a Russian crude diet. The EU agreeing to an outright ban on Russian oil is unlikely given its members’ dependence on the Continue Reading
The possibility that the United States might ban Russian oil imports has triggered a surge in Brent crude to almost $140 a barrel, its highest level since 2008. read more Continue Reading
