Tag Archives: Russia

The American president said that the US will compete with Russia in the European gas market.

Kiev fears the loss of revenue from transit taxes. on top of being bypassed politically as well as physically by new gas pipes.

Trump has said Putin is ``a competitor. and a good competitor he is.``

The US has repeatedly urged European countries to not participate in Nord Stream 2.

Russia is keen to press ahead with the Nord Stream 2 pipeline since it has the potential to double its gas exports under the Baltic Sea to Germany.

Novak said higher crude prices this year would add 2.5 trillion roubles ($40.14 billion) to state coffers this year.

Russia is ready to invest in crude exploration and production. as well as refining.

A sharp growth in fuel prices that have risen by over 8% year-to-date. has forced the authorities to take emergency measures.

US President Donald Trump had chastised Germany for buying Russian natural gas and for working on the pipeline.

Russia is studying all legal issues related to the possible deal.