Cutting off Russian gas exports will significantly affect the economies of the EBRD region
A sharp halt in Russian gas exports could cause a recession in the economies of emerging Europe, Central Asia and…
Eastern Europe could receive more EU funding to accept the embargo on Russia
The European Commission is considering offering more money to Eastern European member states to upgrade their oil infrastructure in a…
Engie calls on the EU for clear instructions on the payment of Russian gas
French utility Engie is still paying in euro for Russian gas, according to its contracts, and hopes to receive clear…
EU adjusts plans to sanction Russian oil to persuade reluctant states
The European Commission has proposed a series of changes to its Russian oil embargo in a bid to persuade reluctant…
Romania supports the embargo on Russia, some CEE states have objections
Representatives of the EU states did not reach an agreement on Wednesday on an embargo on oil and petroleum products…
AEI: It’s hard to believe that Russia will cut off the gas
Gas prices in Romania, traded on the Romanian Commodity Exchange (BRM) have a level comparable to those in Europe, on…
Gas prices have risen as the EU looks at new sanctions against Russia
Reference prices for natural gas in Europe rose by 7% on Monday morning amid growing fears about gas supplies due…
The war on natural gas and oil dependence
Europe and the United States are part of the war in Ukraine, through the military, logistical and intelligence support they…
EU Commissioner for Economy: If Russia cuts off gas supplies, we are ready to face the decision
The payment of Russian gas in rubles means a breach of existing contracts, and if Russia decides to suspend deliveries,…
OMV still intends to pay in euro for gas purchased from Russia
OMV CEO Alfred Stern announced on Wednesday that the Austrian group will continue to pay in euro for gas purchased…
Traders: There will be problems with the supply of petrol and diesel due to the war
Energy and commodity markets are in shock after Russia’s invasion of Ukraine, leading trading companies warned, warning that there could…
EU splits on Russian oil and gas ban
In Romania, neither the government nor President Iohannis have spoken about a ban on Russian energy. However, they are nevertheless…
US announces ban on oil imports from Russia
US President Joe Biden has announced a ban on imports of oil and energy from Russia in response to the…
Russia warns that a barrel of oil could exceed $300 in the event of a joint embargo
Oil prices could rise to more than $300 a barrel if the United States and the European Union ban oil…
OMV joins large energy companies and withdraws from Russia
The Austrian group OMV announced on Saturday that it is withdrawing from Russia, being the latest energy company to make…
Blinken says US is working with European allies to look at ‘prospect’ of banning Russian oil imports
UPDATE WTI crude futures jumped to their highest levels since 2008 early on Monday, amid the risk of a Western…
AFP: Russian oil giant Lukoil calls for halt to Ukraine armed conflict
Russian oil giant Lukoil on Thursday called for an immediate halt to fighting in Ukraine, one of the first major…
AEI: EU can completely give up Gazprom gas, a measure that would stop the war
The European Union has the opportunity to sustain its entire gas consumption on its own, with the arrival of spring,…
Canada bans all imports of crude oil from Russia
Canadian Prime Minister Justin Trudeau on Monday announced a ban on “all crude oil imports” from Russia, “an industry that…
Western firms head for the exit in Russia as sanctions tighten
Energy giant BP, global bank HSBC and the world’s biggest aircraft leasing firm AerCap joined a growing list of companies…
Rouble plunges to record low, dollar holds firm as West bolsters Russia sanctions
The rouble plunged to an all-time low on Monday, and the dollar soared against nearly all peers after Western nations…
Germany will accelerate plans to reduce its dependence on Russian gas
Germany will implement plans to build two new liquefied natural gas (LNG) terminals and also increase its natural gas reserves…
Reuters: Russian forces invade Ukraine with strikes on major cities
Russian forces fired missiles at several cities in Ukraine and landed troops on its south coast on Thursday, officials and…