Liquefied natural gas (LNG) from Russia to the European Union may be phased out by Brussels, according to Bloomberg.
Attacks on underwater cables in strategic areas connecting telecommunication lines and power sources in Asia and Europe are suspected to be coordinated attacks by China and Russia.
In the run-up to his departure from the White House, President Joe Biden has slapped a number of major new sanctions on Russia’s financial systems and energy sector. The U.S. originally threatened Russia with “the mother of all sanctions” as Moscow prepared to invade Ukraine in February 2022.
EU foreign policy chief Kaja Kallas said Friday that there was no reason to drop sanctions against Russia, as Hungary holds up extending the measures pending Donald Trump's return to the White House.
Six European Union countries on Monday called on the European Commission to lower the $60 per barrel price cap put on Russian oil by G7 countries, arguing it would reduce Moscow's revenues to continue the war in Ukraine while not causing a market shock.
Ten European Union countries have called for the 27-nation bloc to ban imports of pipeline gas and liquefied natural gas (LNG) from Russia, a document seen by Reuters showed, as Europe debates fresh sanctions on Moscow over the war in Ukraine.
While Europe’s pipeline gas flows from Russia have dwindled in recent years, it imported record LNG volumes from the country in 2024. The fuel has been a personal focus of Russian President Vladimir Putin, who has vowed to continue the nation’s exports despite mounting restrictions.
Volodymyr Zelensky said that Ukraine's army is larger than Russia's, but will it be enough to sustain the war effort as fighting escalates?
The European Union is reportedly considering more import restrictions on Russian aluminium as part of a new package of sanctions targeting Moscow for its invasion of Ukraine. Click to read.
The Russian missiles sought out targets from the Lviv region in western Ukraine near Poland to Kharkiv in northeast Ukraine bordering Russia. The state energy company Ukrenergo reported emergency power outages in six regions. It often shuts down production during attacks as a precaution.
Royal wartime decree seen as fallback option to keep Russia’s frozen €190bn in EU if Hungary vetoes renewal of sanctions