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US and China agree to resume military communication

Washington and Beijing will restore communication channels between their military, US President Joe Biden told reporters following his meeting with Chinese President Xi Jinping in the San Francisco Bay area on Wednesday. “We’re back to direct, open, clear, direct communications,” Biden said, adding that the contacts would help avoid accidents …

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G7 fails to agree Russian diamonds ban

The Group of Seven (G7) nations have not reached consensus regarding sanctions on the Russian diamond industry, according to a statement by foreign ministers published on Wednesday following a meeting in Tokyo. In a section dedicated to the Ukraine conflict, the group reiterated its earlier pledge to pursue its sanctions …

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EU fails to agree new anti-Russian sanctions – media

EU nations failed to reach agreement on a new package of anti-Russian sanctions at a meeting of ambassadors on Wednesday, with the issue of synthetic rubber emerging as a sticking point, Politico has reported.  The outlet’s Thursday Playbook newsletter cited draft EU documents obtained by journalists.  Synthetic rubber is a …

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EU fails to agree Russian gas price cap – Hungary

EU energy ministers have failed to reach a consensus on setting a price cap on Russian gas at an emergency meeting on Friday, Hungarian Minister of Foreign Affairs Peter Szijjarto told reporters. “Today there was no solution, there was only a political dispute, which served as a reference point for …

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EU fails to agree on Russian oil embargo

Finding an immediate EU consensus on banning Russian oil is unrealistic, according to Estonian Prime Minister Kaja Kallas. The leaders of the bloc gathered for summit in Brussels on Monday to resolve the issue. “I don’t think we’ll reach an agreement today,” Kallas said, adding it was more likely an …

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Germany, Italy agree to pay for Russian gas in rubles – media

Germany and Italy have allowed national companies to open ruble accounts in Russia’s Gazprombank to comply with the new natural gas payment scheme and avoid a supply cut-off, Reuters reported on Friday, citing sources. The move comes after Poland, Bulgaria and most recently Finland refused to accept Russia’s new payment …

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Half of Russia’s gas buyers agree to pay in rubles – Novak

Approximately half of Russia’s 54 gas importers have opened ruble accounts with Gazprombank in compliance with Moscow’s newly introduced payment rules, Deputy Prime Minister Alexander Novak said on Thursday. “According to my information, about half [of the buyers] have already opened special accounts in our authorized bank – in foreign …

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