Russia’s war and the sanctions that followed have worsened the world’s growing energy crisis. Experts are predicting that the war could set the world’s climate goals back for years. The Continue Reading
China and India are emerging as Russia’s main crude buyers. Russia’s ESPO blend is especially popular among Asian refiners. Russia’s Urals crude is trading at discounts of more than $30 Continue Reading
Japanese gas companies are preparing plans to source liquefied natural gas from Malaysia, Australia and the US in case of what they fear could be looming disruption of supply from Continue Reading
As the staging ground for an assault on the Ukrainian capital of Kyiv, the Chernobyl Exclusion Zone, one of the most toxic places on earth, was probably not the best Continue Reading
The Russian government said on Sunday it has increased its reserve fund used for emergency spending by 273.4 billion roubles ($3.52 billion) to ensure economic stability against the backdrop of Continue Reading
Sasha Kazilo moved from Russia to Paris along with her family and her business, a startup called Funexpected. Hundreds of thousands of professional workers, many of them young, have left Continue Reading
Highlights Reducing Russian coal imports in phases by finding alternative suppliers Japan steps into reducing overall Russia energy dependency including oil: PM Russia accounts for 11% of coal imports as Continue Reading
Kremlin spokesperson Dmitry Peskov said on Friday that coal was in high demand and that Russian coal earmarked for Europe would be redirected to other markets if the EU refused Continue Reading
Germany could end Russian oil imports this year, Chancellor Olaf Scholz said on Friday, signalling the urgency driving Europe’s biggest economy to wean itself off energy from Russia following its Continue Reading
S&P Global Ratings cut Russia’s unsolicited foreign currency issuer credit ratings to selective default as it became the last major agency to pull sovereign ratings on the country. “The foreign Continue Reading
Russia’s first external default in a century now looks all but inevitable after another brutal week for the country’s finances. First, the Treasury halted dollar debt payments from Russia’s accounts Continue Reading
In the latter half of the 1980s, roughly 200 American companies withdrew from South Africa, partly in protest against its apartheid system. As businesses fled the country, South Africa’s segregationist Continue Reading
Some plants in Russia halt due to lower exports Feedstocks face pressure finding homes Refineries in Russia and Belarus are reducing throughput, with some halting production, as they have been Continue Reading
Russian coal and oil paid for in yuan is about to start flowing into China as the two countries try to maintain their energy trade in the face of growing Continue Reading
The House and Senate passed bills stripping Russia of its most-favored-nation trade status and approving a ban on Russian oil imports to punish Moscow over its invasion of Ukraine, sending Continue Reading
The United States Congress voted to ban the import of Russian crude oil, and to suspend normal trade relations with Russia, as the United States moves to increase its pressure Continue Reading
There are signs that Russia is continuing to export oil and gas despite western sanctions. Sign up here to get the latest updates on the Russian invasion of Ukraine. As Continue Reading
Russia’s invasion of Ukraine has pushed many Western countries to ban Russian crude. As a result, Russia’s massive fleet of oil tankers is being shunned by traders. With fewer tankers Continue Reading
Turkey buys over 7 mil barrels of Urals crude in March Urals flows also redirected to Asia, mainly China & India Russia’s flagship Urals crude has been shunned by its Continue Reading
EU May Need Sanctions on Russian Oil, Gas, Michel Says The U.S., European Union and Group of Seven are coordinating on a fresh round of sanctions on Russia, including a Continue Reading
Habeck Says Germany Will Nationalize Gazprom Unit Germany will temporarily take control of a unit of Gazprom PJSC in the country as it seeks to safeguard security of gas supply. Continue Reading
European Union envoys are set to approve on Thursday a ban on Russian coal that would take full effect from mid-August, a month later than initially planned, two EU sources Continue Reading
U.S. Treasury Secretary Janet Yellen said on Wednesday that sanctions imposing a full ban on Russian oil exports would likely result in “skyrocketing” global prices that would hurt the United Continue Reading
Russian coal and oil paid for in yuan is about to start flowing into China as the two countries try to maintain their energy trade in the face of growing Continue Reading
Can Sanctions Really Stop Putin’s War? In the days after the Ukraine war began, the ruble’s collapse was a potent symbol of Russia’s newfound financial isolation. International sanctions on Vladimir Continue Reading
Russian coal producers may struggle to redirect volumes to Asian markets if the EU proceeds with a threatened total import ban, analysts and industry participants said. EU diplomats were this Continue Reading
StalkEgypt, often the world’s top wheat buyer, saw a rise in imports of the grain from Russia in March despite supply and payment disruptions following its invasion of Ukraine that Continue Reading
India’s foreign minister said on Wednesday the government is working to stabilize economic transactions with Russia, a day after India condemned the killings of civilians in Ukraine and called for Continue Reading
India on Tuesday condemned the killings of civilians in Ukraine’s Bucha and called for an independent investigation, having earlier declined to explicitly criticise the invasion of Ukraine by its long-time Continue Reading
The European Commission on Tuesday proposed sweeping new sanctions against Russia, including banning Russian coal imports in retaliation over alleged civilian killings in Ukraine. read more The sanctions may have Continue Reading
Russia’s war in Ukraine has put China in a somewhat precarious position. Russia is an important energy (trade) partner to Beijing. Russia’s total trade with China pales in comparison to Continue Reading
The U.S. and the EU are set to unveil new sanctions on Russia this week, after allegations from Ukraine of potential war crimes against civilians by Russian forces galvanized a Continue Reading
In a packed university hall in Canberra last week, Jeremy Fleming, the chief ofBritish spy agency GCHQ, shared the kind ofjaw-dropping classified intelligence that the public rarely hears. He said Continue Reading
Von Der Leyen Outlines New Sanctions on Russia Sign up here to get the latest updates on the Russian invasion of Ukraine. You can also follow us on Telegram here Continue Reading
Australia, Britain, Canada and the United States have imposed outright bans on Russian oil purchases following Moscow’s invasion of Ukraine, but the European Union remains divided. The bloc’s 27 members Continue Reading
The European Union will put more sanctions against Russia on top of the latest package announced on Tuesday, likely including measures against imports of Russian oil, the head of the Continue Reading
Goldman Sachs’s Jeff Currie says supply constraints in the global oil market are the biggest since the 1970s. Oil reversed earlier losses as traders assessed the talk of fresh sanctions Continue Reading
EU May Need Sanctions on Russian Oil, Gas, Michel Says Natural gas prices in Europe hovered between gains and losses as uncertainty over future shipments from Russia countered milder weather Continue Reading
Past a nudist beach and a sleepy marina, a gigantic mesh of metallic pipes rises from the pine forest behind the tiny village of Lubmin on Germany’s Baltic coast. If Continue Reading
Germany will temporarily take control of a unit of Gazprom PJSC in the country as it seeks to safeguard the security of gas supply. Gazprom Germania GmbH — owner of Continue Reading
The United States stopped the Russian government on Monday from paying holders of its sovereign debt more than $600 million from reserves held at U.S. banks, in a move meant Continue Reading
Australia, Britain, Canada, and the United States have imposed outright bans on Russian oil purchases following Moscow’s invasion of Ukraine, but the European Union remains divided. The bloc’s 27 members Continue Reading
Gazprom Germania, an energy trading, storage, and transmission business ditched by Russia’s Gazprom on Friday, will be transferred to Germany’s regulator to ensure energy security, Economy Minister Robert Habeck said Continue Reading
The British-based subsidiary of Gazprom said Germany’s move to take control of its parent had removed any concerns about the viability and future of its operations, and it would look Continue Reading
A fire broke out on the Russian trunk gas pipeline Urengoi – Tsentr-2 in the Perm region, while gas was still being supplied in full via parallel lines, Interfax news Continue Reading
Russian gas deliveries via three key pipelines into Europe were little changed on Tuesday morning, with physical flows on the Yamal-Europe pipeline at the German border point of Mallnow at Continue Reading
The U.S. Treasury has halted dollar debt payments from Russian government accounts at U.S. banks, increasing pressure on Moscow to find alternative funding sources to pay bond investors. The move Continue Reading
Russia’s private sector suffered “substantial declines” in activity last month as the impact of sanctions over the invasion of Ukraine and the plunge in the ruble triggered the sharpest drop Continue Reading
Gazprom PJSC released five clouds of super-warming methane gas last month while conducting repairs, highlighting the global warming impact of Russian natural gas European countries want to wean themselves off Continue Reading
Before Russia invaded Ukraine, Mike Bazhenov was eyeing a new MacBook for work and an SUV for his nature photography trips near Lake Baikal. Instead, the 30-year-old software developer bought 10 Continue Reading
