Tag Archives: Novinite

The bill for European countries to protect households and companies from sharply rising energy costs has reached nearly 800 billion euros, researchers from the Bruegel think tank reported. They urged countries to spend more efficiently to deal with the energy crisis. The countries of the European Union have already set …

Russia and China signed an intergovernmental agreement on gas supplies on the Far East route. The Russian Ministry of Energy has prepared a draft government decree to ratify the agreement. This intergovernmental agreement provides for the construction of a cross-border section of the gas pipeline. It starts at the Gas …

President Joe Biden will announce the release of 15 million barrels of oil from the US strategic reserve on Wednesday as part of a response to recent production cuts announced by the Organization of the Petroleum Exporting Countries (OPEC+) nations. As per Washington Post, he will say more oil sales …

NATO begins planned nuclear exercises that will last until October 30. Their purpose is to ensure the effectiveness of the Alliance’s containment. Training flights are taking place in Belgium, which is hosting the exercise, and flights over the North Sea and Great Britain are also planned. This year’s exercises come …

Russia expects to receive one trillion rubles in additional oil and gas revenues this year, the Russian finance minister said, adding that part of the unexpected revenue will be spent on Moscow’s offensive in Ukraine. “We expect to receive up to one trillion rubles (.4 billion) in additional oil and …