In a statement Germany’s German economy and climate protection minister Robert Habeck said, energy ministers from the Group of Seven industrialized countries have rejected demands by Russian President Vladimir Putin to pay for Russian gas in Rubles. “All G7 ministers… Read More ›
Regulations & Legal
Russians Are Flocking To Istanbul And Dubai To Get Away From The Sanctions
According to numerous property companies, wealthy Russians are pouring money into real estate in Turkey and the United Arab Emirates, seeking a financial sanctuary in the aftermath of Moscow’s invasion of Ukraine and Western sanctions. “We sell seven to eight… Read More ›
India Is Buying Discounted Russian Oil, And China Could Be Next
Since March, when Russia’s invasion of Ukraine began, there has been a “substantial increase” in Russian oil deliveries to India, according to industry observers, and New Delhi seems prepared to acquire much more cheap oil from Moscow. According to them,… Read More ›
Gas shipments to Europe via Ukraine continuing: Gazprom
Late on Sunday, Russian energy giant Gazprom said, supply of liquid natural gas to Europe via Ukraine in line with requests from European consumers is continuing. LNG requests stood at 109.6 million cubic metres (mcm) for March 27, slightly up from… Read More ›
British police arrest 7 alleged Lapsus$ hackers
In a significant development, the British police have arrested 7 people following a series of hacks by the Lapsus$ hacking group which targeted companies including Microsoft Corp and Okta Inc. The authentication services of San Francisco-based Okta Inc are used by… Read More ›
Sanctions Cause Russians To Panic And Buy Antidepressants And Sleeping Drugs
According to data revealed recently, Russians have hurried to stock up on antidepressants, sleeping pills, and contraceptives, among other things, since the conflict in Ukraine began, with many purchasing a month’s worth of medicine in just two weeks. Although official… Read More ›
Russia Turns East For Replacements As Western Retail Brands Quit The Country
An industry association warned on Friday that Russia is looking to China, India, Iran, and Turkey to fill the void left by the exit of western retail corporations, as Moscow struggles to find methods to counteract its growing isolation in… Read More ›
EU Agrees Signs Gas Deal With US To Reduce Dependence On Russia
The United States and the European Union have struck a big agreement on liquefied natural gas in an effort to reduce Europe’s reliance on Russian energy. The agreement calls for the US to supply the EU with additional gas by… Read More ›
Importers of Russian LNG studying details of Russian LNG supply demand
A day after Russia ordered LNG purchasers from unfriendly countries to pay for Russian LNG deliveries in Rubles, German utilities opined that Germany needed an early warning system to tackle any potential gas shortages raising the risk of a supply… Read More ›
Asian Gas Purchasers Are Perplexed By Putin’s Demand For Payment In Rouble
On Thursday, Asian importers of Russian gas scrambled as Russian President Vladimir Putin declared “unfriendly” countries must pay in roubles for Russian gas, the latest jolt to global energy markets following Moscow’s invasion of Ukraine. On the list of unfriendly… Read More ›