Russian gas flows to Europe remain stable, but Moscow is starting to face problems in selling its crude oil and oil products as Western sanctions over Russia’s invasion of Ukraine Continue Reading
JPMorgan, Goldman Sachs Lead Retreat From Russia Deutsche Bank AG reversed course and is now joining Wall Street banks Goldman Sachs Group Inc. and JPMorgan Chase & Co. in pulling Continue Reading
Provoked by Russia’s invasion of Ukraine and its threat to cut off natural gas exports to Europe, the European Union says it intends to wean itself off Russian supplies entirely Continue Reading
China and Russia have in recent years worked to reduce their reliance on Western financial systems, technology and markets, motivated by their leaders’ mutual desire to insulate themselves against the Continue Reading
Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. The exodus of Western companies from Russia in the wake of Continue Reading
Lucrative offers for Russian spot crude cargoes may look attractive at first glance, but Asian oil importers appear reluctant to close deals as they cautiously weigh shipping risks, bandwidth to Continue Reading
European Union leaders are set to agree on Thursday to cut their reliance on Russian fossil fuels, although are divided over whether to cap gas prices and to sanction oil Continue Reading
The International Monetary Fund joined a growing chorus that’s warning of a risk that Russia will default on debt obligations following its invasion of Ukraine. A Russian default is no Continue Reading
Western sanctions are dealing a severe blow to Russia’s economy. The ruble is plunging, foreign businesses are fleeing and sharply higher prices are in the offing. Familiar products may disappear Continue Reading
Goldman Sachs Group Inc (GS.N) and JPMorgan Chase & Co (JPM.N) on Thursday announced they were unwinding their Russian businesses, becoming the first major U.S. banks to exit following Russia’s Continue Reading
