On Tuesday, EU leaders have “in principle” reached an agreement to ban oil imports from Russia, said European Commission chief Ursula von der Leyen. “I am very glad that the leaders were able to agree in principle on the sixth… Read More ›
Russian
Spurt in defense deals in Europe midst Ukraine Russia war
In a statement Israel’s defence minister said, Europe is interested in purchasing weapons from Tel-Aviv in the backdrop of the Ukraine-Russia war. He declined to expand on the possibility of Germany purchasing Israeli missile interceptors. Last month, Germany’s Chief of… Read More ›
Russia continues to deliver gas to Europe: Gazprom
In a statement Russian gas producer Gazprom said, it continues to supply LNG to Europe through Ukraine via the Sudzha entry point which stood at 44.1 million cubic metres (mcm), up from 43.96 mcm, on Saturday. An application to supply gas… Read More ›
Serbia signs 3 year LNG supply deal with Russia
In a statement Serbian President Aleksandar Vucic said, Belgrade will be signing a new three-year gas supply contract with Russia. “I can not speak about the price now, all details will be agreed with Gazprom,” said Vucic while adding, that… Read More ›
EU Unity on Russian sanction starting to crumble: German Economy Minister
In a statement German Economy Minister Robert Habeck expressed concerns over the European Union’s unity on Russia, saying he is seeing signs that they are “starting to crumble”. Habeck made the comments ahead of a summit to discuss an oil… Read More ›
LNG price volatility impeding push towards decarbonization
Forecasts of tighter LNG supplies along with volatile prices for the next few years are keeping buyers on edge and are impeding the push towards alternative energy sources. As a result of these factors, energy security has become a top… Read More ›
Chinese Russian Air Forces hold joint military exercises
In a significant development the Air Forces of Russia and China conducted a joint aerial patrol over the Sea of Japan, East China Sea and the Western Pacific. In a statement China’s Defense Ministry said, the patrol was part of… Read More ›
EU exploring legal ways to use frozen Russian oligarchs assets for reconstructing Ukraine
In a statement, Ursula von der Leyen, the President of the European Commission said, the European Union is looking for ways to use frozen assets of Russian oligarchs to fund the reconstruction of Ukraine after the war. On Wednesday, the… Read More ›
Not legal for US to seize Russia’s frozen assets: Treasury Secretary Janet Yellen
In a significant development, US Treasury Secretary Janet Yellen said, the United States does not have the legal authority to seize frozen assets of the Russian central bank following its invasion of Ukraine. She also said, it is likely that… Read More ›
Global automakers switching from palladium to platinum citing Russia related supply risks
Following the Russian invasion of Ukraine, global automakers are accelerating efforts to use less palladium and more platinum due to supply worries from Russia, said the World Platinum Investment Council (WPIC) on Monday. In order to save money, automakers have… Read More ›
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