Russia has denied using natural gas exports as a tool to “blackmail” Europe, a claim voiced by the European Commission President, Ursula von der Leyen. Speaking to reporters on Wednesday, Kremlin spokesman Dmitry Peskov said the switch to gas trade in rubles stems from the EU’s own actions. “This is …
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Polish Prime Minister Mateusz Morawiecki on Wednesday noted Russia’s success in resisting Western sanctions, expressing his regrets about the fact. “So far, we see that Russia, unfortunately, is coping well with the sanctions,” he told reporters, adding that in order to “correct” the situation, Warsaw would work on developing new …
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The euro plummeted to a five-year low against the US dollar during Wednesday’s trading, amid heightened fears of a possible energy crisis and an economic slowdown in Europe. As of 11:01am GMT, the euro/dollar exchange rate was down to $1.061 from the previous closing level of $1.0636. Earlier in the …
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Four European countries have already made gas payments to Russia using Moscow’s new ruble-based mechanism, Bloomberg reported on Wednesday citing a source close to Russian gas exporter Gazprom. Also, according to the publication, at least 10 countries have set up ruble accounts with Russia’s Gazprombank, through which the payments for …
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Russian president Vladimir Putin has warned outside forces against interfering in the Ukrainian conflict, promising a “lightning-speed” response to such actions, with the use of Moscow’s most advanced weaponry. “If someone decides to intervene in the ongoing events from the outside and create unacceptable strategic threats to us, they should know …
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The European Union plans to significantly increase the purchase of Russian natural gas through countries that are ready to pay for the commodity in rubles, TASS news agency reported on Wednesday citing a government source in Brussels. “An emergency meeting of the Gas Coordinating Group took place today in view …
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US national Trevor Reed, sentenced to nine years’ jail in Russia in 2020, has been exchanged for Russian pilot Konstantin Yaroshenko, who had been serving a 20-year sentence in a US prison since 2010, Russia’s Foreign Ministry announced on Wednesday. Russian diplomats told journalists that the swap was the result …
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Ursula von der Leyen, the President of the European Commission, has accused Russia of using natural gas supplies as an “instrument of blackmail” following Gazprom’s decision to halt exports to Poland and Bulgaria on Wednesday. Warsaw and Sofia failed to pay for Russian gas deliveries in April in rubles, Russia’s …
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Several shots were fired from across Ukraine’s border with Transnistria into the territory of the self-proclaimed republic and in the direction of a huge arms depot, its interior ministry said on Wednesday. Two drones were also sighted in the area. “At 8:45 in the morning on April 27, shots were …
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Pakistan’s traditionally complex and intricate domestic political environment has just experienced another reshuffling. With the government headed by Imran Khan determined to salvage its position, even by dissolving the National Assembly (the lower chamber of the parliament), the joint opposition led by Shehbaz Sharif proved its resolve to oust the …
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