On Monday, a report by German newspaper Die Welt cited the EU’s top diplomat Josep Borrell as saying, “there is insufficient support from European Union member states for a complete embargo or punitive tariff on Russian oil and gas imports”…. Read More ›
energy exports
Sanctions need to safeguard EU’s economic interest
With Western countries rolling out new sanctions against Russia midst the roll out of horrifying images of war crimes in the Ukrainian city of Bucha, it has become clear that their easiest sanction options have now been exhausted; there are… Read More ›
Russia expands “de-dollarisation” policy to include energy exports
Moscow aims to trim its exposure from to U.S. sanctions. On Sunday, in a significant development, Russian Economy Minister Maxim Oreshkin stated, Moscow is exploring alternatives to the U.S. dollar for energy transactions and is evaluating currency settlements in euros… Read More ›