Tag Archives: Russia

Companies in Russia hit by the international sanctions imposed in reprisal for the invasion of Ukraine are increasingly exploring ways to relocate to neighboring countries, including Kazakhstan, according to entrepreneurs working in the export sector. Speaking at a press conference on March 23, Alexander Tsygankov, a representative from KazakhExport, a …

Russian oil exports fell last week, with average shipments of around 3.63 million barrels per day (bpd) between March 17 and 23, down by 26.4 percent compared to the previous week, Bloomberg reported on Monday, citing industry data it had seen. While most Western countries—with the exception of the United …

The countries of the Group of Seven announced they have rejected the Kremlin’s demands that Russian gas be paid for using Russian rubles, Reuters reported. Last week, Russian President Vladimir Putin suggested that “unfriendly” countries would be required to pay for gas using rubles. “I have decided to implement a …

Russia said on Monday it will not supply gas to Europe for free as it works out methods for accepting payments for its gas exports in roubles but G7 nations refused the demand. At a meeting of European Union leaders on Friday, no common position emerged on Russia’s demand last …

Increased China purchases of Russian natural gas will not make up for the loss of the European market, but their real importance to Moscow will be as a channel for necessary goods in the face of strict Western sanctions, according to a leading energy analyst. The European Union and Britain …

Ukrainian President Volodymyr Zelenskyy called on energy producing countries on Saturday to increase output so that Russia cannot use its oil and gas wealth to “blackmail” other nations. Addressing the Doha Forum international conference by video link, Mr Zelenskyy said countries such as Qatar could make a contribution to the …

Global oil prices closed at more than 12% of weekly gains today, Saturday. Brent crude closed in its last session yesterday, Friday, with a rise of 1.62 dollars, to reach 120.65 dollars, and achieved a weekly profit of 12.72 dollars or 11.79%. US West Texas Intermediate crude also closed up …

While it does not operate any oil and gas fields or LNG plants in Russia, the French oil and gas company has minority stakes in several non-state-owned Russian oil and gas companies. These include Novatek (19.4%), Yamal LNG (20%), Arctic LNG 2 (10%) and TerNefteGaz (49%). TotalEnergies is also a …

An immediate ban on Russian energy imports would trigger an economic recession in Germany and across Europe, German Chancellor Olaf Scholz warned Wednesday. Speaking to the Bundestag, Scholz said Germany would end its energy dependence on Russia in due course but cutting all ties now would hit the German economy …

TotalEnergies has announced it will stop purchasing oil and petroleum products from Russia as soon as possible and by the end of 2022 at the latest. In this way, TotalEnergies wanted to address “serious and unfounded” accusations of “complicity in war crimes” for continuing to work in Russia. The energy …