German Economy Minister Robert Habeck on Wednesday said if Russia insisted that existing contracts be paid in roubles rather than the agreed euro and dollar denominations, it would be in Continue Reading
Russia said it would work out practical arrangements by Thursday for foreign companies to pay for its gas in roubles, raising the probability of supply disruptions as Western nations have Continue Reading
Foreign consumers of Russian natural gas should simply acquire roubles to pay at the Moscow Exchange and no change in the law is required, a senior Russian lawmaker was quoted 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
Germany has activated the first stage of an emergency plan to manage gas supplies in Europe’s largest economy in preparation for a possible disruption or stoppage of natural gas flows Continue Reading
Poland will strive to stop all Russian oil, gas and coal imports this year, as moves to wean Europe off its dependence on energy supplies from the country over its Continue Reading
Europe’s already high gas prices have gyrated since Russian President Vladimir Putin announced plans to have importers pay for Russian natural gas in rubles instead of dollars and euros. Here’s Continue Reading
Transneft, the Russian oil pipeline operator, has informed local oil companies that it would be capping the intake of yet-to-be-sold crude because of full storage as buyers in the West Continue Reading
Russian steel market was expected to grow 2%-3% on year prior to the war Logistical challenges make rerouting steel volumes to Asia costly Eastern railway network overburdened, Northern Sea route Continue Reading
Russian pipeline operator Transneft is restricting oil intake into its network as storage levels build, Reuters reported on March 29. Transneft declined to comment on the report when contacted by Continue Reading
