Tag Archives: russian

The Russian ruble is getting stronger while the EU citizens have to cope with higher prices due to sanctions that simply don’t work, Croatian President Zoran Milanovic complained on Tuesday. He called the EU explanation for the partial oil and gas embargo “insulting” and said Croatia had little pull within …

Ukrainian lawmakers voted on Tuesday to remove the nation’s human rights commissioner, Lyudmila Denisova, from her post. The official has been accused of failing to perform duties and in particular of spreading unverified information about atrocities supposedly committed by Russian troops in Ukraine. Such actions only tarnished Ukraine’s image, MPs …

Japan will not withdraw from Russia’s Sakhalin-2 liquefied natural gas project even if it’s told to do so, the country’s industry minister told parliament on Tuesday. The comments follow criticism from Russia last week accusing Japan of benefiting from its participation in the project while being an “unfriendly nation” that …

EU member states have finally agreed to ban 90% of Russian oil imports by the end of this year as part of the latest Ukraine-related sanctions against Moscow. The embargo, which had been debated for nearly a month, targets Russian crude delivered by sea, while allowing a temporary exemption for …

After weeks of deliberation, EU member states have agreed in principle a sixth round of anti-Russia sanctions, the bloc’s leadership announced after a meeting on Monday. Hungary will preserve its Russian oil imports, but otherwise much of the crude will be embargoed. EU Council President Charles Michel said the watered-down …

Denmark could be the next country to be cut off from Russian natural gas after its biggest utility defied Moscow’s ruble payment demand. According to a Bloomberg report, Orsted said on Monday that it is continuing to reject demands from the Russian supplier to pay for gas supplies in Russian …

India has received 34 million barrels of discounted Russian oil since February, more than 10 times the value of the total imports from the country year-on-year, Reuters reported on Monday, citing Refinitiv Eikon data. According to the report, more than 24 million barrels of Russian crude were supplied this month, …

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 …

A powerful explosion was reported on Monday morning in Melitopol, a Russian-controlled city in Ukraine’s Zaporozhye Region. It is believed to have been caused by a car bomb. The local administration blamed the incident on Ukrainian “saboteurs,” who they claimed had targeted aid workers in what they consider to have …

The ruble’s rapid gains may pose a risk to the country’s economy in the future, Economy Minister Maxim Reshetnikov told reporters earlier this week. “The current exchange rate is a problem in the long run, because the real effective exchange rate is 40% stronger than in the last five years,” …