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
