EU Can Reduce Russian Gas Dependence By One Third, IEA Says
The EU could reduce its imports of Russian natural gas by more than one-third within a year by applying new measures announced by the IEA. The European Union could reduce Continue Reading
Climate Groups Press Banks, Asset Managers to Sever Russian Ties
Demonstrators hold a “Stop Putin” banner during a protest against Russia’s invasion of Ukraine outside the European Union consulate in Caracas, Venezuela. A coalition of more than 75 climate change-focused Continue Reading
Why China’s Banks Won’t Come to Russia’s Rescue
On paper, China’s banks and its homegrown payments system could offer Russia respite from crippling Western sanctions. China has helped other nations evade sanctions, and both China and Russia share Continue Reading
U.S. weighs cutting Russian oil imports amid broad public support
The Biden administration is weighing cutting U.S. imports of Russian oil and ways to minimize the impact on global supplies and consumers, the White House said on Friday, as lawmakers Continue Reading
Russia’s Yamal-Europe westbound gas pipeline flows stopped on Friday
Westbound natural gas flows through the Yamal-Europe pipeline stopped on Friday while Gazprom’s bids for additional transit capacity via Ukraine stand at high levels, data from pipeline operators shows. Flows Continue Reading
Russia Energy Chaos Triggers the Biggest Market Shock in Decades
Russia’s invasion of Ukraine and the resulting international backlash has plunged energy markets into chaos, threatening dire economic consequences that rival those of the 1970s oil shocks. Bloomberg’s gauge of Continue Reading
Russian Economy Staggers Into 1998 ‘Times Three’ With Foreign Exodus
The international isolating of Russia is leaving local businesses flailing as foreign firms head for the exits, helping to drive the economy deeper into recession. Besieged by international sanctions over Continue Reading
Global news media on defensive after Putin signs ‘fake news’ law
Global news media said they were suspending reporting in Russia to protect their journalists after a new law that threatened jail terms of up to 15 years for spreading “fake Continue Reading
How the West Unplugged Russia From the World’s Financial Systems
Two weeks ago, Russia’s companies could sell their goods around the globe and take in investments from overseas stock-index funds. Its citizens could buy MacBooks and Toyotas at home, and Continue Reading
Russia Threatens Departing Companies With Prosecution
Foreign companies, including energy firms, which are ditching Russia will be considered pushing their Russian subsidiaries to “deliberate bankruptcy,” which under Russian law includes criminal prosecution for top managers, Upstream Continue Reading