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Tag Archives: russian

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What is the EU’s alternative to Russian gas?

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EU faces another Russian gas supply cut

Russian energy major Gazprom said on Wednesday it would further reduce the capacity of gas supplies via the Nord Stream pipeline to 67 million cubic meters per day. The company explained it has to halt the operation of one more Siemens gas pumping unit on the pipeline. “Due to the …

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Russian border comes under fire from Ukraine – governor

A border checkpoint in Russia’s Kursk Region was attacked by Ukraine on Wednesday morning, according to local governor Roman Starovoyt. The Krupets crossing was targeted at around 7.30am local time, he wrote on Telegram. “There were no casualties or destruction” as a result of the incident, the governor said. The …

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Wall Street stops servicing Russian debt – Bloomberg

JPMorgan Chase and Goldman Sachs are withdrawing from handling trades of Russian debt, Bloomberg reported on Tuesday. The pullout follows Washington’s announcement last week that it was banning US investors from holding such assets. According to the report, which cited market professionals, JPMorgan Chase and Goldman Sachs were still matching …

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US allows energy transactions with sanctioned Russian banks

The US Treasury Department on Tuesday issued a general license authorizing energy-related transactions with sanctioned Russian banks through December 5. The previous license was due to expire on June 24. According to the document, published on the department’s website, transactions will be allowed with Vnesheconombank, Otkritie, Sovcombank, Sberbank, VTB, Alfa-Bank, …

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Russian village shelled from Ukraine – governor

The village of Zaymishche in the Bryansk Region of Russia was shelled from Ukraine on Tuesday morning, Governor Aleksandr Bogomaz has said. The settlement is located near the town of Klintsy, some 45km from the Ukrainian border. According to preliminary information, the attack left four people wounded, Bogomaz wrote on …

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US ‘quietly’ pressing firms to buy Russian fertilizer – Bloomberg

US officials are “quietly” urging agricultural firms to boost Russian fertilizer imports amid growing shortages and a looming international food crisis, Bloomberg news agency reported on Monday, citing unnamed sources familiar with the discussions.  Companies fearful of US sanctions have apparently all but ceased purchases, despite loopholes built into the penalties. The US and most EU …

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Debt-laden Sri Lanka eyes discounted Russian oil

Sri Lanka may start buying oil from Russia amid a critical fuel shortage and an unprecedented economic crisis, Prime Minister Ranil Wickremesinghe said in an interview with the AP news agency, published on Sunday. According to Wickremesinghe, Sri Lanka would first look to other sources to get the much-needed fuel, …

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