Tag Archives: Russia

Russia’s Gazprom continues to supply gas for transit through Ukraine in the regular mode and following consumers’ demands amounting to 107.5 million cubic meters as of Sunday, the company said. “Gazprom supplies Russian gas for transit through the territory of Ukraine in the regular mode, in accordance with the applications …

German officials said Feb. 26 they were looking for a “targeted and functional” way to ban Russia from the international financial payment system SWIFT, but it remains unclear what impact such a move could have on oil and gas flows. Any actions by the US or EU to cut Russia …

Japan is discussing with the European Union about coordinating further diversion of part of its liquefied natural gas imports to Europe, government sources said Saturday, as the region faces the threat of Russia restricting its gas exports. The Japanese government will likely provide additional LNG supplies from April as long …

Beijing, a key Russian ally, has moved to restrict financing for Russian commodities purchases through two of China’s largest state-owned banks, Bloomberg reports, as Russian forces advance to Kyiv only a day after launching a full-scale invasion plan. According to Bloomberg, the Industrial and Commercial Bank of China (ICBC) has …

Russia and China are making much of their strategic partnership as a counterbalance to their stresses with the West, but the European Union is still much more important economically to Russia than is China, and Australia comprehensively trumps Russia as a supplier to China. There’s no realistic prospect of China …

Russian natural gas flows through the Yamal-Europe pipeline halved on Thursday morning on its way to Poland, data from German network operator Gascade showed, the same day that Moscow launched “a special military operation” in Ukraine. It was not immediately clear whether the lower flows were related to the developments …

The sanctions that the United States is imposing on Russia for recognizing two breakaway regions in eastern Ukraine and sending troops there are not targeting Russian oil and gas flows, nor will they target such flows in subsequent sanctions that could be imposed soon, the U.S. said. On the condition …

Oil prices surged by nearly $6 per barrel Thursday after President Vladimir Putin launched Russian military action in Ukraine. Brent crude oil jumped to over $100 per barrel on unease about possible disruption of Russian supplies. The price of US benchmark crude briefly surpassed $98 per barrel. The ruble sank …

Russian gas exports via Ukraine have continued as normal and are in line with requests from consumers, Russian energy giant Gazprom said on Thursday. The company said the requests have been at 83 million cubic metres per day as of Feb. 24, up 31.4% from Feb. 23.

Escalating tensions between major global food suppliers Russia and Ukraine are likely to force wheat, corn, and sunflower oil buyers to seek alternative shipments, Reuters reported on Tuesday, citing analysts and traders. The disruption could drive up world food prices which are already near multi-year highs, experts warn. The two …