Tag Archives: Russia

The European Union is unlikely to reach a unanimous decision on the idea the U.S. has floated for cutting Putin’s oil revenues—a tariff on Russian oil, a senior official told Argus on Friday. Basically, an EU-wide agreement on a tariff is likely to be as difficult to reach as a …

Russia’s Gazprom halted gas exports to neighbouring Finland, the latest escalation of an energy payment dispute with Western nations. Gazprom Export has demanded that European countries pay for Russian gas supplies in roubles because of sanctions imposed over Moscow’s invasion of Ukraine. But Finland refused to do so. “Gas imports …

The European Commission has today presented the REPowerEU Plan, its response to the hardships and global energy market disruption caused by Russia’s invasion of Ukraine. There is a double urgency to transform Europe’s energy system: ending the EU’s dependence on Russian fossil fuels, which are used as an economic and …

Around half of Gazprom PJSC’s foreign clients have complied with a request from Russia’s president to open accounts with Gazprombank JSC, according to Deputy Prime Minister Alexander Novak. The shift in procedure follows a demand by Vladimir Putin in March that foreign buyers open ruble and foreign-currency accounts at the …

Around half of Gazprom PJSC’s foreign clients have complied with a request from Russia’s president to open accounts with Gazprombank JSC, according to Deputy Prime Minister Alexander Novak. The shift in procedure follows a demand by Vladimir Putin in March that foreign buyers open ruble and foreign-currency accounts at the …

Italian energy giant Eni has started procedures to open accounts in euros and roubles with private Russian bank Gazprombank, the company announced on Tuesday. In April, Moscow said it would only continue gas exports in exchange for roubles in response to the West’s sanctions. The European Commission issued then the …

The European Union is set to unveil a raft of measures ranging from boosting renewables and LNG imports to lowering energy demand in its quest to cut dependence on Russian supplies. The 195 billion-euro ($205 billion) plan due Wednesday will center on cutting red tape for wind and solar farms, …

Hungary told its European Union counterparts that it will cost at least 770 million euros ($810 million) to revamp its oil industry as they wrangle over potential sanctions that would target Russian supplies. Prime Minister Viktor Orban’s government said 550 million euros were needed to overhaul its refineries to comply …

Russia became the fourth-largest oil supplier to India in April, with volumes set to rise further in coming months as low prices spur demand from the world’s number 3 oil consumer and importer, tanker tracking data showed. Russia’s share in India’s oil purchases rose to a record 6 per cent, …

Gazprom decided not to renew its capacity share via the Yamal gas pipeline that runs through Poland nor the capacity transit via Slovakia for June, Czech press agency ČTK reported based on their findings of the results of an energy auction. Gazprom announced last week that it would not transport …