Russia claimed that gas deliveries via the Nord Stream 1 pipeline to Europe were still at risk. Only one turbine was operating, which deepens European concerns about Europe’s inability to
Don’t let Putin fool you, Russian banks lose $25bn as sanctions take their toll
Russian banks lost 1.5 trillion roubles ($25bn), in the first half year of sanctions imposed by western countries that deprived the country of large parts of the global financial system.
EU warned ‘Increasingly likely’ Putin will cut off gas supplies completely
Fitch warns that a complete shut-off of Russian gas supplies is increasingly possible, which could lead to the eurozone being driven into recession.
Russia adds to Europe’s energy crisis with a new gas halt
Russia stopped gas supplies through Europe’s main supply route on Wednesday. This intensified the economic struggle between Moscow and Brussels and raised the prospect of energy rationing and recession in
Kremlin-controlled Gazprom slashes gas supplies to France
Gazprom informed Engie, a French utility, that it would reduce gas deliveries starting today because of a dispute over the application of certain contracts.
Germany’s Uniper will restart a coal-fired power station after Gazprom cuts off supply to Europe
Uniper SE, a German utility, said that it will produce electricity for the market at Heyden 4’s hard-coal-fired power station. This is in response to a three-day Russian gas supply
Nord Stream 1 pipeline will be shut down for three days dealing the latest fuel blow to Europe
Russia will stop natural gas supplies to Europe for three consecutive days at the end of the month via its main pipeline to the region, Gazprom, the state energy giant,
Putin suffers as Russian gas exports slow, Gazprom has seen production drop as it tries to find buyers
Gazprom may have to close its gas fields if it is unable to divert supplies toward China.
Russia’s Gazprom warns that European gas prices could rise another 60%
Gazprom, a Russian state gas company, stated Tuesday that European gas prices could rise by 60% to over $4,000 per 1,000 cubic meters this winter as European exports and production
UK cuts out Putin as Russian energy imports drop to zero
However, the UK’s trade balance is still in trouble as foreign gas prices rise.
Putin’s War Resets His Economy Four Years Back in One Quarter
The invasion of Ukraine by President Vladimir Putin set Russia’s economy back for four years, even though it was less severe than originally feared.
Gazprom says it halts gas supplies to Latvia
Gazprom, a Russian gas producer, said Saturday that it had stopped supplying Latvian gas to its neighbours. It accused Latvia of violating gas withdrawal conditions.