Tag Archives: Russian

The Biden administration’s new sanctions target Russia’s oil giants Gazprom Neft and Surgutneftegas, shadow fleet vessels, and opaque traders. Oil prices surged, while European equities slid as investors fear tighter global supply. ADVERTISEMENT The Biden administration unveiled Friday sweeping sanctions targeting Russia’s oil sector, shaking global energy markets and deepening the economic isolation of Moscow just ten days before Donald …

European natural gas futures climbed the highest since October 2023 after Russian gas flows to Europe via Ukraine stopped on New Year’s Day. ADVERTISEMENT The price of the Dutch TTF, the benchmark European natural gas climbed by more than 4% to €51 per megawatt-hour, its highest level since October 2023, before easing a little, on the first trading day after …

Ukraine says it has halted the transport of Russian gas to Europe through its territory, after a five-year transit deal expired Wednesday, January 1.   The closure of one of Russia’s oldest gas routes to the European Union was expected and comes as Moscow’s war in Ukraine soon enters its fourth year. Ukraine’s energy ministry said it ended the deal …

Russian President, Vladimir Putin on Saturday, December 28,  apologised to Azerbaijan’s leader for what he called a “tragic incident” following the crash of an Azerbaijani airliner in Kazakhstan that killed 38 people, but refused to acknowledge that Moscow was responsible. The apology came amid mounting allegations that the plane had been shot down by Russian air defences attempting to deflect …

A Russian surface-to-air missile was responsible for the crash of Azerbaijan Airlines Flight 8432, which killed 38 passengers, Azerbaijani media reports.  Azerbaijani officials cited by the Baku-based news agency AnewZ said preliminary findings suggest the missile was fired from a Russian Pantsir-S defence system as the plane approached Grozny in the North Caucasus republic of Chechnya on Wednesday morning, December 25. …

BMW Group has confirmed that it has sold more than 100 high-end cars to Russian buyers, despite EU sanctions being in place to halt the export of vehicles to Russia. ADVERTISEMENT German automaker BMW Group has revealed that despite widespread international and EU sanctions, it has sold more than a 100 luxury cars to Russian buyers, thus confirming a Business …

Ukraine will not renew a gas transit agreement with Russian energy giant Gazprom when it expires at the end of the year, President Volodymyr Zelenskyy confirmed.   The current deal, from which Kyiv earns regular income accounting for around 0.5% of its GDP, is set to end on December 31.       Pipelines through Ukraine account for about half …

  Ukraine’s security service on Tuesday claimed responsibility for killing the head of Russia’s chemical, radiological and biological weapons unit, Lt. Gen. Igor Kirillov.   The Security Service of Ukraine (SBU) was behind the detonation of an explosive device planted in a scooter next to the entrance of an apartment building in Moscow, according to a Ukrainian source who told …

A Russian warship has fired at a German army helicopter over the Baltic Sea.  The crew of the Russian ship fired signal ammunition at the military aircraft, the German Press Agency in Brussels reported. The Bundeswehr helicopter had been on a reconnaissance flight.  It comes amid rising tensions in recent weeks between the Kremlin and NATO countries after UK and US missiles …

The Moldovan government is boosting its efforts to improve EU support among its divided public — partly by emphasising its strategic importance during the Ukraine war. ADVERTISEMENT Moldova is a deeply polarised country, its electorate pulled between pro-EU and pro-Russian positions. While a referendum on the country’s EU accession established that a majority of the Moldovan people wants to join …