Canadian Prime Minister Justin Trudeau has announced a ban on Russian oil imports following the country’s invasion of Ukraine. Mr Trudeau said oil revenues have helped to prop up President Continue Reading
BP to Exit Nearly 20% Stake in Rosneft First BP, then Shell. In just two days, Britain’s twin energy giants have dumped Russian investments nurtured over decades and shut themselves Continue Reading
Shipping giant Maersk (MAERSKb.CO) will temporarily halt all container shipping to and from Russia, deepening the country’s isolation as its invasion of Ukraine sparks an exodus of Western companies. The Continue Reading
U.S. payment card firms Visa Inc (V.N) and Mastercard Inc have blocked multiple Russian financial institutions from their network, complying with government sanctions imposed over Moscow’s invasion of Ukraine. Visa Continue Reading
Russian state gas company Gazprom said on Tuesday that it was shipping gas to Europe via Ukraine in line with customers’ requests. It said the requests stood at 109.6 million Continue Reading
Shell will exit all its Russian operations, including a major liquefied natural gas plant, it said on Monday, becoming the latest major Western energy company to quit the oil-rich country Continue Reading
TotalEnergies (TTEF.PA) condemned what it called Moscow’s military aggression in Ukraine but stopped short on Tuesday of joining rivals Shell (SHEL.L) and BP in planning to exit positions in resource-rich Continue Reading
The Ukraine conflict is nowhere near resolution and looks set to continue for some time. Russia’s energy supplies are very much at risk, either due to being withheld by Russia Continue Reading
Oil prices jumped on Monday as Western allies imposed more sanctions on Russia and blocked some Russian banks from a global payments system, which could cause severe disruption to its Continue Reading
Powerful Western sanctions rocked Russia’s financial system and triggered a spiral in the ruble, drawing the central bank into an emergency doubling of interest rates. The Russian ruble fell as Continue Reading
