BRUSSELS (AP) – European Union leaders will gather Monday in a new show of solidarity with Ukraine but divisions over whether to target Russian oil in a new series of sanctions are exposing the limits of how far the bloc can go to help the war-torn country.
A shortage of gas triggered by Russia could leave six million without power, the govt asks coal stations it ordered close to remain open.
No relief in sight for soaring oil and gasoline prices as supplies dwindle.
Gas rationing in Europe may be coming down the pike should Vladimir Putin follow through on his threat to cut off supplies to those who refuse to pay Russia in rubbles, the European Union’s energy commissioner has warned. This week,
Germany is reportedly preparing to institute gas rationing in Europe’s largest economy as Russia allegedly cut off shipments to Finland.
Around half of the European customers of Russian energy giant Gazprom have opened euro-ruble accounts, according to Russia’s Deputy Prime Minister Alexander Novak.
German citizens should be willing to endure hardship and deprivation to help in the war effort against Russia, a Ukrainian minister has said.
Natural gas prices rose after Russia said it would no longer send supplies to Europe via a pipeline through Poland, citing new sanctions.
Major energy firms in Italy, Germany and elsewhere in Europe are allegedly preparing to open accounts in Russian roubles in order to pay for Russian gas in a scheme that may sidestep sanctions. Italian energy giant Eni SpA is allegedly
Germany was the largest customer of Russian energy of any country during the first two months of the invasion of Ukraine, a study found.
Greek Energy Minister Kostas Skrekas has claimed Greece will pay for gas from Russian energy giant Gazprom without violating sanctions.
DOE Secretary Jennifer Granholm would not answer a lawmaker’s question about the economic impact the Line 5 pipeline has on Michigan.
The Greek government has offed to aid Bulgaria after Russia cut off gas supplies this week, with Greek Prime Minister Kyriakos Mitsotakis discussing the issue Wednesday with Bulgarian Prime Minister Kiril Petkov. A Greek official stated Wednesday that the country had
Disney-Marvels’ “The Avengers” star Mark Ruffalo is threatening City National Bank with a Hollywood boycott if its parent company doesn’t cave to pressure from environmental activists over the Coastal GasLink pipeline in Canada.
The Spanish leftist government, along with neighbouring Portugal, have moved to cap gas prices at 50 euros per megawatt-hour in a bid to reduce growing electricity costs for citizens and businesses. Both Spain and Portugal announced Tuesday that they have
Russia has halted all gas exports to Poland and Bulgaria after demanding ‘unfriendly’ nations pay for energy in rubles, not dollars.
Two weeks after Italians were told they’d have a choice between ‘air conditioning or peace’, the government appears to have made the choice for them, introducing rationing of AC and heat in a bid to reduce the nation’s dependence on imported Russian energy.
The Prime Minister of Denmark has said that in order to take on Vladimir Putin, her country will need to focus more on green energy.
A ‘sharp recession’ lies ahead for Germany should it be cut off from the Russian gas it is so badly addicted to.
Italy’s Prime Minister Mario Draghi has drawn ridicule for saying that people can either choose peace in Ukraine or their air conditioners.
Despite the in-place ban, it is ‘unlikely’ that gas fracking in the UK would lead to dangerous earthquakes, a study has found.
As the EU considers new sanctions against Russia, the Hungarian government has stated that it will pay for Russian gas supplies in rubles.
Nigel Farage has accused the EU of hypocrisy by “funding Putin’s war machine”, as the bloc admitted to spending €35 billion on Russian gas.
The United States, United Kingdom and the European Union were set Wednesday to impose new punishing sanctions targeting Russia.
Supplies of potato chips and various types of confectionery are now under threat as a result of disrupted export caused by sanctions and the Ukraine War.
European politicians floated an embargo on Russian gas after accusing Moscow of being behind an alleged massacre of civilians.
Despite facing a chronic energy crisis, Germany has continued its Green crusade of shutting down hydrocarbon-fueled power plants.
Why is oil in short supply? Activists have pushed banks and investors to back away from financing oil and natural gas extraction.
Ukraine’s leading English-language state media outlet has traduced Germany’s political class, including Angela Merkel and the sitting Chancellor and President, as bearing “collective responsibility” for having “effectively encouraged” Russian aggression.
Germany’s addiction to Russian gas has come to backfire on the European state, with one minister saying that the country is now suffering ‘in the most brutal way’ thanks to the policymaking of previous administrations.
Economy Minister Robert Habeck has declared an early warning level over Russian gas supplies that has seen speculation of coming rationing.
Germany saw the price of imported energy more than double in February of last year, primarily as a result of the rising cost of Russian gas.
Sens. Mitch McConnell and Joe Manchin are among lawmakers calling for FERC to lift rules hampering the production of natural gas.
Italy may be forced to ration gas supplies due to the country’s reliance on supplies from Russia, which could lead to businesses and households not being allowed to use air conditioning this summer. The ongoing Russian invasion of Ukraine has
President Recep Tayyip Erdogan of Turkey told reporters Friday that joining other NATO countries in sanctioning Russia for its ongoing invasion of Ukraine was impossible because his economy is simply too dependent on Moscow.
No sign of relief from the Russian supply shock.
Even if the U.S. can ship more gas to Europe, the continent may struggle to receive it. Import terminals are located in coastal areas, where there are fewer pipeline connections for distributing it. And if all Europe’s facilities were operating at capacity, the amount of gas would likely be only about two-thirds of what Russia delivers through pipelines.
BRUSSELS (AP) – President Vladimir Putin’s threat to have “unfriendly” countries pay for Russian natural gas exports only in rubles from now on got the not-so-friendly treatment from European Union nations Thursday.
Vladimir Putin demanded “unfriendly” countries buy gas in rubles rather than dollars or euros in an attack against US global hegemony.
Boris Johnson’s green agenda appears to have fallen by the wayside, with the British PM now pushing for a so-called ‘dash to nuclear’.
