Friday, December 9, 2022
According to three sources with knowledge of the situation, if Moscow cuts off the Baltic states' access to the Russian grid, European grid operators are prepared to implement a long-term strategy right away to integrate them into the EU system, Euractiv reports. Because of decreases in Russian gas supply to...
According to President Volodymyr Zelenskyy, Ukraine has begun exporting electricity to the European Union, bringing in much-needed funds for the troubled nation and offering an alternative energy source for the continent, The National News informed. According to Mr. Zelenskyy, the electricity transmission to Romania marked the beginning of a process...
With the start of the Russian invasion of Ukraine, many companies started to declare that they will stop doing business with Russia, an opinion piece in Tribune de Geneve says. Some oil giants have officially pledged that they will stop buying Russian oil due to the ongoing situation. However, numbers show...
A new lawsuit has been filed in the European Court of Human Rights against Russia in order to seek justice for a mass violation of rights. Rinat Akhmetov, founder and shareholder Ukrainian business holding System Capital Management (SCM) Group and Ukrainian philanthropist, filed a lawsuit Monday against the Russian Federation...
With the constant turbulence in the Russian oil market due to the war in Ukraine, the market is attempting to figure out which companies will fill the hole left by the world's major oil merchants cutting back on Russian crude supplies, according to Bloomberg. Trafigura halted all the purchases of...
If Bulgaria wants to reduce its energy dependence on Russia, it will need much bigger support from its EU and NATO allies, Bulgarian diplomat Dimitar Abadjiev writes in an op-ed for Newsweek. According to Abadjiev, energy security has been one of the country's top priorities for its strategic goals. When Bulgaria became a...
The Russian energy corporation Gazprom declared on October 30 that the needs of European gas users are being completely met, reacting on data from the German business Gascade on the cessation of gas pumping through the Yamal-Europe pipeline, Izvestia reports. Variations in demand for Russian gas are dependent on their...
The gas issue in Europe should not be placed solely on Moscow, Stephen Sestanovich discusses this in an article for the Council on Foreign Relations. "Many analysts point out that Russia is attempting to enhance output in every manner possible (while keeping its own reserves at the appropriate level)," Sestanovich...
French President Emmanuel Macron stated in an interview with the Financial Times that he sees no evidence that Russia is manipulating oil prices. According to the president, it is unlikely that prices will be reduced much in the near future, thus the main goal is to avoid supply disruptions and...
According to Kremlin spokesperson Dmitry Peskov, Gazprom is ready for additional negotiations that will lead to mutually acceptable gas supply options with Moldova. When asked to comment on Russia-Moldova gas discussions, a Kremlin official said. "So far, the de facto reality has been that they have been unable to achieve an...