The shoes, 600 pairs in all, lay untouched inside an Italian warehouse: magenta sandals, décolleté heels and gold ballerina flats, destined for Russian boutiques but stuck in a limbo of Continue Reading
Vladimir Putin’s demand for “unfriendly” nations to pay for natural gas in Rubles has yet to impact gas flows. The Kremlin has announced that this is a “prototype” and expressed Continue Reading
China’s top liquefied natural gas importers are cautiously looking to purchase additional Russian shipments that have been shunned by the market in a bid to take advantage of cheap prices. Continue Reading
President Vladimir Putin’s rouble payment scheme for natural gas is the prototype that the world’s largest country will extend to other major exports because the West has sealed the decline Continue Reading
Germany said on Sunday that the West would agree to impose more sanctions on Russia in the coming days after Ukraine accused Russian forces of war crimes near Kyiv, ratcheting Continue Reading
Germany is considering the idea of nationalizing the German units of Russian oil and gas giants Rosneft and Gazprom over concerns the companies that are systemically important for the German Continue Reading
A seller of Russian crude gave Chinese buyers the flexibility to pay in yuan, as the energy giant attempts to keep its few remaining export channels flowing smoothly Geneva-based Paramount Continue Reading
Russian state-owned energy giant Gazprom (GAZP.MM) said on Sunday that it was continuing to supply natural gas to Europe via Ukraine in line with requests from European consumers. The company Continue Reading
Europe’s ambitious timetable for building its way out of a dependence on Russian energy faces potential delays and billions of dollars in extra costs as the war in Ukraine makes Continue Reading
First came the warnings, in messages among friends and families and on social media, to stock up on vital drugs in Russia before supplies were affected by crippling Western sanctions Continue Reading
Ukraine accused Russian soldiers of killing unarmed civilians after large numbers of dead bodies were reported to have been found in areas near Kyiv which have been retaken by Ukrainian Continue Reading
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
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
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
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
The tanker Minerva Virgo docked in New York last month after leaving Russia in February. It was met with protesters from Greenpeace.Credit…Bjoern Kils/Reuters The ship, Beijing Spirit, had apparently lost Continue Reading
t did not take long for Russian businessman Kirill Kukkoyev to feel like he had been taken hostage by the events unfolding in neighboring Ukraine. That moment came eight days Continue Reading
Russia has said it will not cut off gas exports to Europe yet in a standoff over its demand to be paid in roubles. Russian president Vladimir Putin signed a Continue Reading
Crude oil and condensate production in Russia fell slightly in March compared to February, Reuters reported on Friday, citing sources with knowledge of the data. In March, Russia pumped 11.01 Continue Reading
Cargoes of Russia’s ESPO crude loading in May have been offered to China for payments in yuan, as the world’s top crude importer continues to purchase Russian oil but is Continue Reading
Russian-origin fuel avoided in the face of reputational risk Russian companies face problems securing credit Bunkering operations move away from Russia As Russia’s war in Ukraine deepens, bunkering activity has Continue Reading
Export outlets drop after Russia’s invasion of Ukraine Upgrades that will cut fuel oil output facing delays Rising stockpiles of fuel oil in Russia, as international buyers shun the country’s Continue Reading
In response to Putin’s aggression in Ukraine, many countries have introduced total bans on Russian crude. As a result, Russia has been forced to sell its oil at a heavy 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
As Moscow’s forces bog down in Ukraine, many young Russians of draft age are increasingly jittery about the prospect of being sent into combat. Making those fears particularly acute is Continue Reading
The U.S. on Thursday levied sanctions on nearly three dozen Russian companies and individuals that the Treasury Department said are helping Moscow evade the West’s economic pressure campaign and aiding Continue Reading
Russia’s rouble has wiped out nearly all of the losses incurred after Vladimir Putin’s invasion of Ukraine as Moscow applies draconian capital controls and blocks most foreign traders from exiting Continue Reading
Russia is running its military campaign against Ukraine out of Moscow, with no central war commander on the ground to call the shots, according to American officials who have studied Continue Reading
Addressing the Iran nuclear deal, EU Foreign Policy Chief Josep Borrell noted “sometimes they think they’re almost there. And other days not.” That seems to be a succinct summary of Continue Reading
No difficulty in pushing forward with Arctic LNG 2 CNOOC’s 2021 oil, gas output exceeds target Targets 1.64 mil-1.67 mil boe/d output in 2022 China’s state-run offshore giant CNOOC said Continue Reading
Russia plans to keep the contract currency for gas exports to Europe unchanged but will seek final payment in roubles as one of the options to switch the currency of Continue Reading
Russia’s top lawmaker warned the European Union on Wednesday that if it wanted Russian natural gas then it would have to pay in roubles, and cautioned that oil, grain, metals, Continue Reading
Moldova will pay Russia’s Gazprom (GAZP.MM) a preliminary price of $1,160-1,170 per thousand cubic metres of gas from April 1, the head of the state energy company Moldovagaz Vadim Ceban Continue Reading
Germany will continue to pay for Russian gas in euros or dollars, a government spokesman said, adding that Russian President Vladimir Putin had told the German Chancellor that nothing would Continue Reading
Biden Pledges $500 Million in Aid for Ukraine Bloomberg News U.S. intelligence agencies have determined that Russian President Vladimir Putin feels misled by military officials over the preparation for and Continue Reading
Poland announced steps Wednesday to end all Russian oil imports by the end of 2022, as Germany issued a warning over natural gas supplies and called on consumers to conserve Continue Reading
Putin briefs Germany’s Scholz on ruble switch Russian proposals for the switch to rubles due by March 31 G7 countries reject Putin demand to change to ruble payments Russian President Continue Reading
Small and medium-sized Russian refineries, which predominantly rely on exporting their products, were expected to run at around 50% capacity in April with international buyers distancing themselves from the country’s Continue Reading
Major Russian oil refiners have told the Energy Ministry they expect to make deeper cuts to refinery runs in the coming weeks due to overstocking after a sharp drop in Continue Reading
Russian energy giant Gazprom (GAZP.MM) is looking at options for halting gas supplies to “unfriendly” countries and evaluating the possible consequences, Russian daily Kommersant reported on Thursday citing unnamed sources. Continue Reading
Russia has managed to avoid defaulting on its international debt so far despite unprecedented Western sanctions. But the task is getting harder and Moscow’s threats to cut Europe’s gas supply Continue Reading
European countries are weighing new steps to raise pressure on Russia’s economy including targeting more banks and other family members of oligarchs, say diplomats and officials familiar with discussions. The Continue Reading
Russia’s invasion of Ukraine will cause their economies to contract this year by about 10% and 20%, respectively, the region’s leading development bank said Thursday in one of the most Continue Reading
Russia’s economy will shrink by 10 percent this year as the war in Ukraine and western sanctions inflict the deepest recession since the early 1990s, according to the European Bank Continue Reading
Russian gas deliveries to Europe on three key pipeline routes showed a slight upward tick on Wednesday morning including the resumption of westward flows on the Yamal-Europe pipeline to Germany, Continue Reading
Russia’s top lawmaker warned the European Union on Wednesday that if it wanted Russian natural gas then it would have to pay in roubles, and cautioned that oil, grain, metals, Continue Reading
Germany triggered an emergency plan to manage gas supplies in Europe’s largest economy on Wednesday, an unprecedented move that could see the government ration power if there is a disruption Continue Reading
