The Chinese Communist Party (CCP) is reselling energy supplies from Russia to Europe in a bid to increase its influence. Since the Chinese and Russian leaders met at the Shanghai Cooperation Organization summit in early September, a series of moves show that Beijing and Moscow have strengthened their energy cooperation. Russian Energy Minister Alexander Novak…
CCP Reselling Russian Gas to make Europe Reliant
September 29, 2022
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ChinaChina Business & EconomyChinese RegimeEuropeInternational RelationsRussia sanctionsRussia-UkraineRussian natural gasWorld
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European Union Announces Compromise Gas Curbs Amid Russia Supply Cuts
July 26, 2022
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Business & MarketseconomyenergyEuropegas shortageMarketsNord Stream 1russian gasRussian natural gasWorld
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The European Union (EU) has announced a “voluntary reduction” of natural gas demand by 15 percent this winter in an effort to boost the region’s energy supply security while providing exemptions to nations that may not be able to meet the target. The aim of the demand reduction is to save enough gas ahead of…
Russia Won’t Immediately Make ‘Unfriendly’ Buyers Switch to Ruble Gas Payments: Kremlin
March 31, 2022
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Business & EconomycommoditieseconomyEuropeMarketsRussiaRussia-Ukraine WarRussian natural gasRussian rubleWorld
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Russian officials have said the country won’t immediately demand that buyers pay for its natural gas exports in rubles after President Vladimir Putin said earlier that “unfriendly” countries must do so. Putin issued an order March 23 for Russian gas to be purchased in rubles instead of dollars or euros, directing the Russian central bank, the government,…
Russia’s Gazpromtrans Stops Accepting Orders for LPG Shipments to Ukraine
February 24, 2022
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As the crisis in Ukraine escalates, the oil freight rail line Gazpromtrans, a subsidiary of the Russian state gas monopoly Gazprom, said that it had stopped taking orders for the transportation of liquefied petroleum gas (LPG) to Ukraine on Feb. 18 onward due to rising political tensions between the two countries. Gazpromtrans told its clients…
UK, EU Gasoline Prices Spike to Record High Amid Russia’s Destabilization of Ukraine
February 23, 2022
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Business & Economyeconomic policieseconomyEuropeinflationMarketsoil pricesRussian natural gasUKUK energyWorld
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Gasoline prices in the UK and the EU have risen to new highs as the Russia-Ukraine crisis continues to hit oil prices, threatening to further push up heating bills in Europe. Most Five Eyes countries, several European nations, and Japan on Feb. 22 hit Russia with new sanctions for ordering troops into two separatist regions of…
US, Germany Say Russia Poses ‘Urgent’ Challenge to Stability
WASHINGTON—The United States and Germany said Wednesday that Russia’s military buildup near Ukraine’s border poses an “immediate and urgent challenge” to European security and that any intervention will draw severe consequences. But the country’s top diplomats left open what those consequences would be and how differences on arming Ukraine and a controversial Russian gas pipeline…
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