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EU explains why it keeps buying Russian oil

Europe cannot place an immediate embargo on Russian oil, European Commission President Ursula Von der Leyen has said, as it would allow Moscow to sell its fuel elsewhere and possibly earn more money to fund its military offensive in Ukraine. “If we would completely, immediately, as of today cut off …

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Company buying Trump’s social network warns investors

Special-purpose acquisition company Digital World Acquisition Corp (DWAC) has alerted potential investors that the man behind its prized product, former US President Donald Trump, has been associated with a long list of failed businesses ahead of a planned merger between the company and Trump Media & Technology Group. DWAC, which …

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Americans aren’t buying ‘Putin’s price hike’

Americans are reeling from surging gas prices, food prices, and the price of rent – all of which have steadily risen since the start of the pandemic. US President Joe Biden has chosen to blame Russian President Vladimir Putin for the situation, dubbing it “Putin’s price hike” – but people …

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Russians may be banned from buying EU real estate

The European Commission (EC) has proposed to stop property deals with Russian citizens, residents and entities, Bloomberg reported on Thursday, citing official documents. The measure is part of the EU’s sixth package of anti-Russia sanctions. It would reportedly prohibit the sale or transfer, directly or indirectly, of “ownership rights in …

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10 EU countries quietly buying gas with rubles, Hungary says

While multiple European leaders have publicly proclaimed they won’t buy Russian gas in rubles as Russian President Vladimir Putin has demanded, 10 EU countries are technically going along with Putin’s plan, Hungarian official Gergely Gulyas told public radio on Sunday. According to Gulyas, these countries’ leaders aren’t admitting this in …

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Poland still buying Russian gas – Gazprom

Poland continues to buy Russian natural gas from Germany via reverse flows, after its direct supplies were suspended due to non-payment in rubles, Russia’s energy giant Gazprom said on Thursday. “This week Poland refused to pay for the Russian gas with the new terms, in rubles. It was grandly announced …

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First EU country stops buying Russian gas

Lithuania’s government said on Saturday that it has halted all purchases of Russian natural gas, making irrelevant President Vladimir Putin’s demand that all “unfriendly states” pay for the fuel in rubles amid heavy sanctions imposed on Moscow over the Ukraine conflict. “In these circumstances, Russia’s demand to pay for gas …

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First EU country ceases buying Russian natural gas

Lithuania’s government said on Saturday that it has halted all purchases of Russian natural gas, making irrelevant President Vladimir Putin’s demand that all “unfriendly states” pay for the fuel in rubles amid heavy sanctions imposed on Moscow over the Ukraine conflict. “In these circumstances, Russia’s demand to pay for gas …

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What buying gas in rubles means for Russia and the West

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Microsoft buying Activision Blizzard in all-time record deal

Microsoft revealed it will purchase Activision Blizzard, the game studio behind several popular franchises, in a record-breaking $68.7 billion all-cash deal. Activision Blizzard has recently been engulfed in controversy. The deal shatters the previous industry record set just last week when Take Two offered Zynga $12.7 billion for their acquisition. …

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