Uniper says is still paying Gazprom in euros
Uniper (UN01.DE) is continuing to pay for deliveries from Gazprom (GAZP.MM) in euros, a spokesperson for the German utility said on Thursday, adding no decision had been made yet on Continue Reading
Russia Sees 600,000 Jobs at Risk on Foreign Exodus, Tass Reports
A closed McDonald’s restaurant at a shopping mall in Moscow, Russia. Source: AFP/Getty Images Bloomberg News Sign up here to get the latest updates on the Russian invasion of Ukraine. Continue Reading
Russia’s Richest Man Owns More Melting Arctic Than Anyone
Vladimir Potanin, received a public scolding from Russian President Vladimir Putin on June 5. The broadcast came just days after his mining company, Nornickel, spilled diesel into the Arctic. Vladimir Continue Reading
EU energy groups prepare to meet Vladimir Putin’s terms for Russian gas
Some of Europe’s largest energy companies are preparing to use a new payment system for Russian gas demanded by the Kremlin, which critics say will undercut EU sanctions, threaten the Continue Reading
Iran Invites Russia To Invest Its One Sanctions-Proof Energy Sector
The chief officer of Iran’s new National Petrochemicals Company invites Russia to help exploit opportunities in the sector. Iran’s petchem industry has not been targeted by international sanctions so far. Continue Reading
Trafigura to stop buying crude from Russia’s Rosneft before May 15
Global commodities trader Trafigura Group will stop all purchases of crude oil from Russia’s state oil company Rosneft by May 15, a company spokesperson said on Tuesday. The Geneva-based firm Continue Reading
Russia to Cut Gas to Poland, Bulgaria Until Pay Demands Met
Gazprom says it will keep supplies turned off until Poland and Bulgaria agree to Moscow’s demand to pay for the crucial fuel in rubles. Bloomberg News Russia’s Gazprom PJSC said Continue Reading
Russia sees its oil output falling by up to 17% in 2022 -document
Russia may see its oil production fall by as much as 17% in 2022, an economy ministry’s document seen by Reuters showed on Wednesday, as the country struggles with Western Continue Reading
Russia’s GDP decline could hit 12.4% this year, economy ministry document shows
Russia expects the economy to contract by 8.8% in 2022 in its base case scenario, or by 12.4% under a more conservative scenario, an economy ministry document showed on Wednesday, Continue Reading
Blasts heard overnight in three Russian provinces along Ukraine border
Series of blasts were heard in the early hours of Wednesday in three Russian provinces bordering Ukraine, authorities said, and an ammunition depot in the Belgorod province caught fire around Continue Reading