New Oil Traders Fill Void as Top Names Abandon Moscow Ties
With the world’s largest oil traders scaling back Russian crude exports, the market is trying to figure out who is going to fill the void. The answers include a medium-sized Continue Reading
Renault Sells Russia Business to State-Backed Entity for One Ruble
French auto maker Renault RNO -0.30%▼ SA has reached a deal to cede its 68% stake in Russia’s biggest car maker to a state-backed entity for one ruble and a Continue Reading
Russia Cuts Gas Supply To Seized German Gazprom Unit
Germany says Russia is using energy as a weapon after Moscow cut gas supply to a seized Gazprom unit. Moscow responded by stating that its actions are a natural and Continue Reading
EU hopeful for Russian oil embargo deal in May, diplomats say
The European Union still aims to agree a phased embargo on Russia oil this month despite concerns about supply in eastern Europe, four diplomats and officials said on Friday, rejecting Continue Reading
Kremlin says report of possible gas cuts for Finland most likely a ‘hoax’
A report in a Finnish newspaper that Russia may cut gas supplies to Finland as soon as Friday seems to be fake, Kremlin spokesman Dmitry Peskov said. “Most likely, this Continue Reading
Russian Shipping Traffic Remains Strong as Sanctions Take Time to Bite
Shipping traffic in and out of Russia has remained relatively strong in the past few months as companies have raced to fulfill contracts for purchases of energy and other goods Continue Reading
Russia To Halt Electricity Exports To Finland On Saturday
Following Thursday’s report that Russia threatened to cut the flow of gas to Finland, Russia—through its entity RAO, will suspend imports of electricity to Finland as of 1:00 a.m. on Continue Reading
Russia Diesel Exports Drop Sharply In April
Russian diesel fuel exports last month fell by 14 percent, or 500,000 tons, last month as buyers shunned the product amid Western sanctions on Moscow for its invasion of Ukraine. Continue Reading
Russia talks of record wheat crop while world mulls output fall
Putin says Russia’s wheat crop could exceed 2020’s record Russian yield boosted by lower winterkill USDA sees Ukraine’s wheat output down 35% Russia could be on course for a record Continue Reading
European Gas Surges as Germany Clashes With Russia Over Supply
European natural gas prices jumped as some shipments from Russia were disrupted, and Germany said Moscow was using energy as a weapon in an escalating clash over supply. The benchmark Continue Reading