Tag Archives: The Moscow Times

The United States has exempted Turkey from sanctions on Russia’s Gazprombank so that it can continue to pay for gas imports, the Turkish energy minister told Bloomberg. Washington sanctioned dozens of Russian banks in November, including Gazprombank, which since March 2022 had been the only bank countries could use to …

Chinese imports of Russian oil last month hit their highest level since Moscow’s February 2022 invasion of Ukraine, customs data showed Tuesday, as Beijing offers an economic lifeline to an increasingly isolated Kremlin. China is Russia’s largest economic partner, with trade between them reaching a record $190 billion last year. …

Russia on Saturday said it had destroyed three drones targeting an oil refinery in the southern border region of Bryansk, as Ukraine pursues its counteroffensive against Russian forces. “Russian air defense systems repelled an overnight attack by the Ukrainian armed forces on the ‘Druzhba’ oil refinery in the district of …

Gas production in Russia decreased by 10% to 180 billion cubic meters this year mostly from Gazprom’s declining capacities, the Kommersant business daily reported Wednesday, citing an unnamed source familiar with the data. State-owned gas giant Gazprom has classified its production statistics since the start of 2023. Kommersant’s source said …

Russian oil exports jumped to their highest level in almost three years in March despite Western sanctions, the International Energy Agency (IEA) announced on Friday, though Moscow’s oil revenues nevertheless dropped sharply from last year. Following Moscow’s invasion of Ukraine in February 2022, the West has imposed a slew of …

American oil giant ExxonMobil has completed its exit from the Russian market after President Vladimir Putin ordered the expropriation of its assets, the company said. ExxonMobil had been in negotiations with the Russian authorities to sell its more than $4 billion in assets — including its largest Russian investment, a …

Russian President Vladimir Putin said Friday Turkey would pay for a quarter of its Russian natural gas imports in rubles under a new set of deals designed to boost trade. Putin made the announcement in opening remarks of his meeting with Turkish President Recep Tayyip Erdogan on the sidelines of …

Russian oil production fell in the first weeks of August, ending several months of recovery from Western sanctions imposed over Russia’s war in Ukraine, the Kommersant business daily reported Monday. Average daily production so far this month has fallen by 3% compared to July, totaling 1.428 million tons, the publication …

Russian energy giant Gazprom said Saturday it had asked German group Siemens to return a turbine it has repaired in Canada to ensure the Nord Stream pipeline delivering gas to Europe works. Gazprom started 10 days of maintenance on the Nord Stream 1 pipeline on Monday, with the European Union …

Gazprom has rejected the opportunity to maximise gas sales to Europe for the second month running, with the Russian gas giant booking only a small share of available additional pipeline capacity for November. The company did not book any additional capacity on pipelines running through Ukraine to the EU for …