An embargo on Russian gas could lead to a serious shortage of fuel crucial for Italy’s industrial and service sectors, according to a study published on Saturday by the association of Italian industrialists Confindustria. “A possible blocking of natural gas imports from Russia, Italy’s main supplier in recent years, could …
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The European Commission has suggested starting an embargo on Russian oil by giving up on seaborne deliveries, while delaying a ban on pipeline supplies, Bloomberg reported on Saturday, citing “people familiar with the matter.” The revised proposal was sent to the governments of member states on Saturday and could be …
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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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President of the Russian Football Union (RFU) Alexander Dyukov has stated that his organization “categorically” disagrees with FIFA and UEFA’s joint decision to remove Russian teams and clubs from international competitions. The move was made as a response to Russia’s military operation in Ukraine and on an International Olympic Committee (IOC) …
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Kiev has started proceedings to seize the assets of Russian oil giant Rosneft, the Security Service of Ukraine (SBU) said on its Telegram channel on Saturday. “The SBU initiated the seizure of Rosneft’s assets in Ukraine… According to the materials of the SBU, the activities of the energy company, which …
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An embargo on Russian natural gas would seriously affect the German economy, as well as society, Labor Minister Hubertus Heil said in an interview with news outlet Funke, published on Saturday. “We should gradually become independent from gas imports, but the immediate imposition of an embargo would both complicate the …
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Russian oil major Rosneft plans to file a lawsuit against the US Treasury Department, the company’s spokesman Mikhail Leontyev told the newspaper Vedomosti this week. Rosneft’s decision followed accusations by the Treasury that the Russian company took part in oil smuggling and money laundering for Iran’s Revolutionary Guards’ Quds Force, …
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Asian countries became the largest importers of Russian oil for the first time in April 2022, overtaking Europe, Bloomberg reported on Friday, citing Singapore-based analytics firm Kpler. Roughly 71.7 million barrels of Russian crude were delivered to Asia last month, more than twice as much as Russia shipped to the …
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The confrontation between Western nations and Russia amounts to “total war,” Russian Foreign Minister Sergey Lavrov said on Friday during a meeting with the heads of Russian regions. Russian society and major political forces support the government’s decision to face this challenge, he added. Western nations “are doubling, tripling, and …
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The West is already feeling the “sweet consequences” of its sanctions against Russia, but these measures will remain in place “for a very, very long time,” former Russian president Dmitry Medvedev said on Thursday. Since the beginning of the Russian military offensive in Ukraine in late February, the US, the …
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