The Russian government has indefinitely banned 48 Australian citizens from entering Russia on the grounds of “creating anti-Russian agenda” in Australia, including individuals involved in the military-industrial industry and journalists. Paul Monk, a former intelligence analyst, author, and current contributor for The Australian newspaper, has expressed feeling honoured to be among those sanctioned. The prominent…
‘Badge of Honour’: Australian Author Blacklisted by Kremlin, Denied Access to Russia
Defense Department Contract With Airbus Subsidizes Putin’s War Machine
Commentary The Defense Department’s current contract with Airbus, and any future contracts with Airbus, place U.S. taxpayers in the position of subsidizing Vladimir Putin’s war machine, as long as it pays for Russian titanium. The French aircraft manufacturer heavily relies on shipments of the Russian metal for its manufacturing. Airbus currently has a contract with…
Yellen Says Some Russia Sanctions Could Remain Even If Ukraine War Ends
November 14, 2022
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Business & MarketsDemocratseconomic policieseconomyEuropeExecutive BranchG-20 summitJanet YellenNational SecurityPolicies & ImpactsPoliticsRussia-Ukraine WarRussian sanctionsUSUS NewsWorld
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U.S. Treasury Secretary Janet Yellen announced that some sanctions on Russia would likely remain in place even if the war in Ukraine ends. Yellen, who is attending the annual G-20 summit in Bali, Indonesia, said that any eventual peace agreement would generally involve a review of the sanctions that the United States and its allies have imposed…
Energy Bills Nearly 90 Percent Higher in Europe Than a Year Ago
November 10, 2022
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Business & Marketseconomic policieseconomyenergyenergy pricesEuropeEuropean UnionNatural gasrecessionRussia-Ukraine WarRussian sanctionsUKWorld
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Energy bills are nearly 90 percent higher for households across Europe compared to a year ago, according to a new report. The massive increase in energy prices throughout Europe has been caused by Russia’s war against Ukraine. The energy crisis caused by the Russia–Ukraine war and the resulting sanctions on Mosco have generated a cost-of…
Russian Tourists Will Not Be Banned From Visiting Australia: Defence Minister
September 19, 2022
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AustraliaBusiness & MarketsEuropeRichard MarlesRussia-Ukraine WarRussian sanctionsVolodymyr ZelenskyyWorld
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Australia has rejected Ukraine’s call to stop Russian tourists from entering the country. Defence Minister Richard Marles said Australia’s sanctions were focused on the Russian government, “not the Russian people themselves.” “This is not something we are considering at the moment but we are very much a part of the global base of sanctions against…
Europe’s Power Price Breaks €1,000 for First Time, Costs Up 1,000 Percent From Last Year
August 29, 2022
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Business & Marketseconomic policieseconomyenergyenergy crisisEuropeFranceGermanyMarketsRussia-Ukraine WarRussian sanctionsWorld
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German energy prices, the European benchmark, hit €1,000 per megawatt-hour (MWh) for the first time on Aug. 29, after reaching €850 on Aug. 26, as the region’s energy crisis intensifies owing to a lack of Russian natural gas supplies as result of the sanctions against Russia. Energy costs in Europe have soared 1,000 percent from…
Russia Cuts Gas Flows by 80 Percent as Europe Issues Savings Plea
July 29, 2022
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Business & Marketseconomic policiesenergyEuropeMarketsNatural gasNord Stream 1Russia-Ukraine WarRussian sanctionsWorld
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Natural gas prices in Europe stabilized on Thursday after a volatile week in which Russia cut gas flows via the Nord Stream 1 pipeline by 80 percent, causing an energy crisis for the bloc ahead of the cold winter season. Dutch wholesale gas futures, the European benchmark, settled at 198.93 euros per megawatt-hour in Amsterdam on…
Russia Sanctions and Central Bank Policies Backfire, Hurtling America Into Economic Storm: Author
July 15, 2022
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Business & MarketsChinaCommunist Chinaeconomic policieseconomyEuropeglobal recessioninflationrecessionRussia-Ukraine WarRussian sanctionsThreat from Communist ChinaUSUS-China relationsWorld
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War sanctions against Russia, along with misguided U.S. central bank and trade policies, are likely to fuel an economic storm that will catapult America into a major crisis, an expert has warned. Michael Wilkerson—author, investor, and financial analyst—told The Epoch Times in a wide-ranging interview that the economic sanctions against Moscow combined with years of…
Russia Imposes Ruble Restriction on Countries Buying Wheat and Sunflower Oil
July 3, 2022
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Business & MarketseconomyEuropeInternationalMarketsRussia-Ukraine WarRussian rubleRussian sanctionssunflower oilwheat exportWorld
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Russia, facing sanctions from the West for its invasion of Ukraine, will now export grains to other nations only in exchange for rubles. In addition to grains, the Russian government has added sunflower oil and extracted meal to the list of export items to be paid in rubles. A resolution to this effect was adopted…
Austria Reviving Coal-Fired Power Plants as Safeguard Against Reduced Russian Gas Supply
June 20, 2022
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Austrian ChancellorBusiness & MarketscommoditieseconomyEuropeEurope gasMarketsrussian gasRussian sanctionsWorld
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The Austrian government has decided to use coal power to produce electricity in case curtailed Russian gas supply creates an energy emergency in the nation. “The federal government and the energy group VERBUND have agreed to convert the Mellach (Styria) district heating power plant, which is currently shut down, so that in an emergency it…
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