Tag Archives: Russia

Russia will no longer rely on the West for its energy trade and its new energy policy will be oriented towards more reliable partners like India and China, said Russian Foreign Minister Sergey Lavrov in Delhi on Friday. “We would not rely anymore on any partners in the West. We …

Poland and Ukraine on Thursday called for international sanctions against Russia’s nuclear energy sector, saying they feared their neighbour may hurt energy security and economies in Europe if attacks on Ukrainian power facilities continue. Last week, the European Union adopted the tenth package of sanctions targeting Russia, but did not …

The Biden administration will continue to discuss India’s purchases of Russian oil with government officials but is satisfied so far that New Delhi is buying the crude well below a western price cap, senior State Department officials told reporters on Wednesday. India’s purchases of Russian oil are a constant topic …

Russian oil and gas output at the Sakhalin-1 project in the Far East is only half of what it was projected to be for 2022 after Russia’s invasion of Ukraine set off a series of Western sanctions that led to the departure of ExxonMobil. In a televised meeting with Russian …

Oil prices slid on Monday as recent economic data from the US, the world’s largest oil consumer, suggests that the US Federal Reserve will maintain its hawkish stance on interest rates, supporting the dollar near multi-week highs. International benchmark Brent crude traded at $82.31 per barrel at 9.58 a.m. local …

With EU bans on Russian oil and oil-product exports set to go into effect this year in response to Russia’s ongoing war in Ukraine, emerging market producers are poised to gain larger shares of an evolving market. EU bans against Russian oil products such as diesel were rolled out earlier …

Russia stopped deliveries of oil to Poland via the “Druzhba” (“Friendship”) pipeline, as informed by the Polish biggest state oil company PKN Orlen. PKN Orlen informed the Polish Press Agency that the company was prepared for such a move and that deliveries to its refineries would continue on tankers. “The …

Russian companies got far more money from selling the country’s oil than previously thought in the weeks that followed the imposition of a price cap on the nation’s exports, a group of academics said. The research weakens the idea that the price limits are crushing Moscow’s revenue to fund the …

The Americans claim innocence of the blast of the Nord Stream gas pipelines, but “everyone understands that this is a lie,” a Russian diplomat has said. “The Americans are banally lying. I can once again recall the story about the test tube of (former) U.S. Secretary of State Colin Powell, …

Russia renewed its calls on Sweden late on Monday to share its findings from the ongoing investigation into the explosions that damaged the Nord Stream gas pipelines last year. The U.N. Security Council will meet on Tuesday to discuss “sabotage” after Moscow asked for an independent inquiry into the September …