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Energy Crisis Looms as Russia Halts Gas Supply to Europe
Russia's state-owned energy firm Gazprom halted gas supplies via the Nord Stream 1 pipeline to Western Europe on Wednesday for three days, the company...
EU Nations Urged to Cut Gas Usage Amid New Putin Warning
The European Union (EU) told member states on Wednesday to cut gas usage by 15 percent until March as an emergency step after President...
Germany Restarts Coal Plants After Russia Severs Gas Supply
Germany will reopen its high-polluting coal power plants after Russia cut off its gas pipeline to Europe.
The emergency decision announced Sunday came as Germany...
Greece Becomes Top Destination for Russian Fuel Tankers
The number of tankers carrying Russian fuel that arrived in Greece in April reached record-breaking highs, indicating that the country's waters have become a...
EU Issues Guidance on Russian Gas Payments in Rubles
The European Union has softened its stance on the purchase of Russian gas and oil, as it released a series of guidelines for European...
Russian Ruble Recovers To Pre-Ukraine War Levels, Inflation Soars
The Russian ruble not only recovers to pre-Ukraine war levels but it also hit a two-year high against the US dollar Friday April 29.
Russia Cuts Off Gas Supplies to Poland and Bulgaria
Russia's energy giant Gazprom completely severed gas supplies to both Bulgaria and Poland on Wednesday after its April payments were received in roubles.
The announcement...
60 Million Barrels of Oil to be Released from Strategic Reserves
The US and 30 other countries around the world committed to release 60 million barrels of oil from the strategic reserve on Tuesday in...
Formula 1, UEFA Boycott Russia Over Ukraine
Formula 1 and UEFA announced on Friday that their scheduled events in Russia would be moved elsewhere, in a move aimed to penalize the...
Nord Stream 2 Pipeline Nixed by Germany after Russian Invasion
German Chancellor Olaf Scholz called a halt to the Nord Stream 2 Baltic Sea gas pipeline project on Tuesday as a result of Russia's...