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There is no substitute for Russian oil – UAE

The world’s energy markets need Russian oil and no producer can replace it, United Arab Emirates (UAE) Minister of Energy Suhail al-Mazrouei said on Monday. Russia produces some 10 million barrels of oil a day, which makes it a critical member of the OPEC+ energy alliance, al-Mazrouei explained during an …

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G7 rejects Russian demand to pay for gas in rubles

The Group of Seven major economies have collectively agreed to reject Moscow’s demand to pay for energy imports from Russia in rubles, according to Germany’s energy minister Robert Habeck. “All G-7 ministers agreed completely that this (would be) a one-sided and clear breach of the existing contracts,” Habeck told journalists …

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Japanese PM makes Russian nukes claim

Japanese PM Fumio Kishida has claimed the risk of Russia using nuclear weapons is “increasingly real.” He delivered his remarks on Saturday, in Hiroshima. during a visit from American delegation. The war in Ukraine shows the difficulties of creating a world without nuclear weapons, Kishida said, arguing that, what he …

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Poland should ‘claim’ Russian region, general says

Warsaw should seek to “claim” the Kaliningrad region from Russia, General Waldemar Skrzypczak has said. The region has been “under Russian occupation since 1945,” the ex-commander of the Polish Land Forces claimed on the TV show ‘Super Express’ on Friday. “It might be worth asking for it, as it used …

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Japanese PM makes claim about Russian nukes

Japanese PM Fumio Kishida has claimed the risk of Russia using nuclear weapons is “increasingly real,” delivering these remarks on Saturday in Hiroshima during a visit from a US delegation. The war in Ukraine shows the difficulties of creating a world without nuclear weapons, Kishida said, arguing that Russia’s “aggression” …

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Russian warship fires Kalibr missiles (VIDEO)

The Russian military has used its Kalibr cruise missiles to target an arms and hardware depot in Zhytomyr Region in north-western Ukraine, the Defense Ministry has revealed. The high-precision strike was carried out early on Saturday by an unnamed small missile ship in the Black Sea, obliterating a Ukrainian military …

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Lessors worry as deadline looms for return of Russian planes

Russia is due to return hundreds of aircraft leased from overseas on Monday, but lessors are worried they won’t see the planes, as Moscow’s new sanctions-related regulations allow the country to decide their fate unilaterally. Lessors scrapped Russia’s lease contracts earlier this month and demanded that it return 500 planes …

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Europe blocks payment to Russian investors

Russia’s National Settlement Depository (NSD) said on Friday that Clearstream clearing house, which processes payments for many of the country’s corporate and sovereign bonds, has blocked its account. This means that Russian holders of European stocks and bonds cannot receive dividends on their investments through Clearstream. According to Interfax, the …

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