G7 to impose ban on imports of Russian gold
The Group of Seven nations, a bloc of the world’s wealthiest states, plans to impose a ban on imports of Russian gold, US President Joe Biden said in a tweet Continue Reading
Russia Defaults on Foreign Debt for First Time Since 1918
WATCH: Russia has defaulted on its foreign-currency sovereign debt for the first time since 1918. Su Keenan reports. Russia defaulted on its foreign-currency sovereign debt for the first time in Continue Reading
Russian Gas Cuts Threaten World’s Largest Chemicals Hub
For years, BASF SE , BASFY 2.18%▲ one of the world’s largest chemicals companies, built its business model around cheap and plentiful Russian natural gas, which it uses to generate Continue Reading
India’s Russian Oil Imports Soar 50-Fold
India’s intake of Russian crude oil has soared 50-fold since April and, to date, makes up a tenth of the subcontinent’s imported oil, the Economic Times reported today, citing a Continue Reading
Italy’s dependence on Russian gas down to 25% from 40%, Draghi says
Italy’s dependence on Russia for imported gas has decreased to 25% from 40% last year, Prime Minister Mario Draghi said on Friday following a summit of European Union leaders where Continue Reading
Kazakhstan Speaks Out Against Russia Over Ukraine War
Tensions between Kazakhstan and Russia are reaching a boiling point. Awkward exchanges between leaders highlight weakness in the two countries’ alliance. Russia’s unprovoked war in Ukraine has left Kazakhstan and Continue Reading
Russian momentum in Ukraine could slow for lack of resources – British PM
Britain’s defense intelligence service believes that Russia’s momentum in the war in Ukraine will slow in the next few months as its army exhausts its resources, British Prime Minister Boris Continue Reading
Russian Oil Disappears as Tankers Go Dark Near Azores
Russian oil cargoes are increasingly disappearing from view in the Atlantic Ocean as sanctions against the nation’s exports ratchet up. In the past 10 days, at least three tankers have Continue Reading
Operations at Russia’s Novoshakhtinsky refinery suspended after two drone strikes
Strikes hit processing unit, crude tank farm Novoshakhtinsky had only recently resumed operations Ukraine invasion leading to significant infrastructure damage Operations at the Novoshakhtinsky refinery in Southern Russia have been Continue Reading
As Russia cuts gas, German industry grapples with painful choices
The German companies that drive Europe’s biggest economy are contemplating painful cuts to their output and resorting to polluting forms of energy previously considered unthinkable as they adjust to the Continue Reading