Tag Archives: Russia

Russia has reportedly paid dividends from the Sakhalin 1 and 2 oil projects in Chinese yuan, a shift from its usual practice of paying in dollars, thanks to western sanctions on Russia. The decision to pay in Chinese currency instead of the traditional U.S. dollar comes after Russia was cut …

A “transparent and objective” international investigation into the blasts at the Nord Stream natural gas pipelines is needed, a high-ranking Russian diplomat to the United States said early on Wednesday (14 June). Commenting on reports that the US reportedly warned Ukraine not to attack the pipelines under the Baltic Sea, …

Sanctions on Russian oil by Western countries have failed to make any dent in its oil exports. The country’s oil export revenues increased by $1.7 billion to $15 billion in April 2023, as per the monthly report released by the International Energy Agency (IEA). The growth is due to higher …

The United States should not tell Saudi Arabia how to manage its crude oil production, Kremlin spokesman Dmitry Peskov said on Friday. “Saudi Arabia is a sovereign state, a responsible state, and a very important player in the international energy markets. Of course, this sovereign state is capable of making …

Days ahead of the key OPEC+ meeting on June 4, the leading producers in the group, Saudi Arabia and Russia, are at odds about output policy. Riyadh has grown increasingly frustrated with Russia, which apparently hasn’t kept its end of the deal and isn’t reducing oil production as pledged, complicating …

Japan’s “nuclear blackmail” accusation against Russia is “cynical, unscrupulous speculation,” the Russian Foreign Ministry said on Saturday. “Attempts to attribute to Russia the non-existing plans to use nuclear weapons in Ukraine is nothing more than cynical, unscrupulous speculation. There has been no change in our approach to this issue,” a …

Russia would prefer its partners of the OPEC+ group to leave oil production unchanged when it meets next week, as Moscow is okay with the current oil prices and production quotas, sources with knowledge of the Russian position told Reuters on Friday. OPEC+, which will hold a meeting on June …

Lloyd’s Register has removed the certification of 21 vessels operated by Indian shipping company Gatik Ship Management, which is one of the biggest shippers of Russian oil abroad. “Lloyd’s Register is committed to facilitating compliance with sanctions regulations on the trading of Russian oil,” Lloyd’s Register told Reuters, which reported …

Shenzhen-listed Jilin Jinguan Electric Co Ltd signed a memorandum of understanding (MoU) to build a road between Iran and Russia for the construction of new energy facilities, it said on Wednesday. The company plans to build 70 optical storage and charging stations worth 1.4 billion yuan and 3,400 charging facilities …

The Council of Ministers of Bosnia and Herzegovina has agreed to begin negotiations on building a gas pipeline to ship gas from Russia, the head of Republika Srpska’s representative office in Russia told state news agency RIA in an interview published on Monday. RIA cited Dusko Perovic as saying: “The …