The World Bank will give India $1.5 billion to finance a second operation to help accelerate the development of low-carbon energy. This is the second operation which is being supported by the World Bank and cleared by the executive directors’ board. The first tranche of $1.5 billion was sanctioned in …
Read More »Shell to Halt Buying Russian Oil, Natural Gas amid International Pressure
Energy giant Shell says it will stop buying Russian oil and natural gas as well as shut down its service stations and other operations in the country amid international pressure for companies to sever ties over the invasion of Ukraine. Shell says in a statement Tuesday that it would withdraw …
Read More »New China-Russia Railway Bridge to Boost Bilateral Trade, Energy Cooperation
A new bridge—part of China’s ambitious Belt and Road Initiative—will now connect China and Russia’s railway systems. The China-Russia Tongjiang-Nizhneleninskoye Bridge connects Tongjiang, a city in China’s far northeastern Heilongjiang province, with Nizhneleninskoye, a town across the border with Russia, along the Amur river. The cross-river bridge is 2,215 metres …
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