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Two Israelis killed in second ISIS rampage within a week

ISIS claimed responsibility on Monday for a shooting that saw two Arab gunmen kill two Israeli police officers and wound four others in central Israel during a second deadly rampage by the group within a week. The attack, which happened on Sunday, saw the shooters open fire on the eve …

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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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Bank of Russia explains why it kept its reserves abroad

Russia’s foreign exchange reserves had to be kept abroad and nothing could have been done to avoid a freeze of the country’s dollar and euro assets, the central bank said in the latest question-and-answer post on its website. Earlier this month, nearly half of Russia’s foreign reserves – worth $300 …

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Germans told to wear a sweater to cope with soaring energy prices

Baden-Württemberg Minister of Agriculture and Consumer Protection Peter Hauk has backed a complete German ban on importing gas and oil from Russia in response to Moscow’s military assault on Ukraine. Hauk supported the response to Russia’s actions despite the impact it could have on his country’s own citizens, who are …

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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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Russia investigates alleged footage of Ukrainian troops torturing POWs

Russia has launched a probe after graphic video emerged online, purporting to show the torture of prisoners of war at the hands of Ukrainian servicemen. “The video circulating online shows captured soldiers being shot in the legs without medical assistance,” the country’s Investigative Committee said in a statement on Sunday. The …

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Russia sets ruble gas payment deadline

Russian President Vladimir Putin has authorized the government, the central bank, and Gazprombank to take the necessary steps to switch all payments for Russian natural gas from “unfriendly states” to rubles starting March 31. The measure targets “member states of the EU and other countries that have introduced restrictions against …

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Turkey discovers naval mine near EU country’s border

A naval mine has been detected in the Black Sea off the coast of northern Turkey, near the border with Bulgaria, the Turkish Defense Ministry announced on Monday. A team of sappers from the Underwater Defense (SAS) has been deployed to the area not far from the port town of …

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