Russia has been compelled to halt operations at a section of the world’s largest liquefied natural gas (LNG) facility near the Arctic city of Murmansk due to diminished demand caused
Russian ruble continues to decline against the dollar
The Russian ruble extended its decline today, losing a quarter of its value since August. It now takes more than 113 rubles to purchase one U.S. dollar.
Rouble Falls to Three-Month Low Following Ukraine Attack
The rouble fell to its lowest level since late May after Kyiv launched its largest incursion into Russian territory since the war began in 2022.
Caspian Sunrise plc (AIM:CASP) Proposed Sale of the BNG shallow structures for $83 million
Introduction
Putin is getting around Western sanctions
Insurers have raised concerns that the price cap on Russian oil has become unenforceable, leading to an increase in ships joining a shadow fleet, thereby circumventing G7 sanctions aimed at
Putin seeks urgent petrol supplies as Russia faces fuel shortage.
Russia has reportedly requested Kazakhstan’s assistance in supplying petrol, as Ukrainian attacks on Russian refineries have necessitated gasoline imports.
Putin plans tax increases to support Russia’s faltering military efforts.
Vladimir Putin is reportedly considering significant tax increases for Russians as the Moscow government struggles to secure sufficient funds for its military operations in Ukraine.
UK energy bills for households expected to reach a two-year low
Analysts predict a significant decrease in household energy bills, with an expected £293 annual reduction starting in April, following the implementation of the next Ofgem price cap.
Russia’s revenue from oil and gas decreased by 24% in 2023.
In 2023, Russia’s federal budget saw a 24% decrease in income from oil and gas, totalling 8.822 trillion roubles ($99.4 billion), as reported by the finance ministry on Thursday.
Gas Exports from Russia to China Reach Unprecedented Levels
Gazprom, the Russian energy corporation, recently set a new daily high for gas deliveries to China through its Power of Siberia pipeline. According to a statement on Gazprom’s Telegram channel:
National Grid aims to restrict electricity consumption on Wednesday.
The National Grid has declared its intention to decrease electricity consumption on Wednesday, citing “tighter than usual electricity supply margins expected on Wednesday evening.”
Vladimir Putin has made it harder for western companies to exit Russia
Putin is taking swift action to stabilize the rouble by implementing restrictions on Western businesses. In a bid to bolster the faltering rouble, Vladimir Putin has intensified the challenges for