On Wednesday, in a significant development, Russia halted gas supplies to Poland and Bulgaria after both countries rejected Moscow’s demand to pay for Russian gas in Rubles. The development comes in the wake of massive sanctions by Western countries against… Read More ›
In a statement the British government said, all tariffs on goods exported by Ukraine to Britain under an existing free trade agreement will be removed to help the Ukrainian economy. “All tariffs would be reduced to zero and all quotas… Read More ›
On Monday, a senior official from the EU said, during European Commission President Ursula von der Leyen’s visit to India, she will seek to increase sales of European military equipment to India and relaunch talks of a free trade agreement…. Read More ›
In a statement, David Malpass, the president of the World Bank said, physical damage to buildings and infrastructure in Ukraine as a result of the war has touched roughly $60 billion and is set to rise further since the Biden… Read More ›
In a significant development, in a statement Ihor Zhovkva, the deputy head of President Volodymyr Zelenskiy’s office, said Ukraine has completed a questionnaire which will form a starting point for the European Union to decide on its membership. The questionnaire… Read More ›
In a significant development, Romania, a NATO member, has grounded its entire fleet of MiG 21 LanceR fighter aircraft and will speed up a planned purchase of second-hand F-16s from Norway, said its defence ministry. The Russia Ukraine war is… Read More ›
As per two Russian sources, Moscow plans on keeping the contract currency for gas exports to Europe unchanged but will seek final payment in roubles as one of the options to switch the currency of gas trade. “Only payment currency… Read More ›
As per a report by Russian daily Kommersant, Russian energy giant Gazprom is weighing options to halt gas supplies to “unfriendly” countries and is evaluating possible consequences. Earlier, Russian President Vladimir Putin has said, Moscow will soon require “unfriendly” countries to… Read More ›
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 ›
In a statement Russian President Vladimir Putin said, unfriendly countries will have to pay for gas in rubles. Following the announcement European gas prices soared since the move will exacerbate the region’s energy crunch. Western nations led by the United… Read More ›
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