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.
Russia is now in humiliation, unable to fix its tanks.
Putin’s attempt to take over industry brings the country back to its Soviet-era command economy.
Kremlin slashes spending by £24bn
As sanctions against Russia by the West bite, the Kremlin is set to reduce future spending plans by £24bn
Russia Defaults on Foreign Debt for First Time in 100 years
Russia defaulted on its foreign currency sovereign debt for the first time in 100 years, the culmination of ever-tougher Western sanctions which shut down payment channels to overseas creditors.
Russia is only hours away from its first foreign default in a century
Russia is just hours away, after months of hovering around the edge of default, from a dramatic moment of the financial war that the US and other countries have waged
Russia Faces Fresh Bond Deadline Payment Test This Week
Russia is facing yet another bond payment test, and only days remain before it could default on its first foreign debt in over 100 years.
Ukraine refused to negotiate a ceasefire with Moscow and intensified its attacks in the eastern Donbas
Andrzej Duda, Polish President, told Ukraine’s Parliament that even “one inch” of its territory would be a loss to the West. He also assured Kyiv about Warsaw’s support for its
Citigroup Inc Trader Made Error Behind Flash Crash in Europe Stocks
Citigroup Inc. London’s trading desk was the cause of a sudden crash that sent shares throughout Europe plummeting on Monday. This is a new setback for years-long efforts to improve
Finland won’t pay in roubles for Russian gas
The Finnish minister responsible for European affairs Tytti Tippurainen stated on Thursday that Finland would not pay for Russian gas in Russian roubles, despite Russia’s request.
OMV talks with Gazprom about rouble demand. Austria says it will pay in euro
OMV, the Austrian energy company OMV and Gazprom, Russia’s Gazprom had their initial contact regarding paying for natural gas in rubles.
Russia warns West: gas bills in roubles are just days away
LONDON (Reuters) -Russia warned the West on Friday that billing in roubles for billions of dollars of natural gas exports to Europe could be just days away, Moscow’s toughest response
St Brides Partners Weekly Brief, Saturday 3rd July 2021
This week we welcome the start of July, bringing us a bit of sunshine as we get into the summertime spirit as we have officially passed the halfway mark for