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Von der Leyen defies Russia’s gas ‘blackmail’, vows EU unity with Poland and Bulgaria
The European Union has warned Russia it will not bend to “blackmail” over its support for Kyiv after the Kremlin cut off gas supplies to Bulgaria and Poland. The two countries are now supplied from their EU neighbours.
read more... 29/04/2022
Daily (29.04.2022): European power prices retreated on Thursday amid easing gas panic
Crude oil prices rose on Thursday as the prospect of Germany joining other European Union member states in imposing a Russian oil embargo grew, exacerbating concerns about tight supplies in the already dearth global crude market. Hence, Brent crude increased by 2.2% to settle at $107.59 a barrel. U.S. WTI crude soared by 3.3% to end at $105.36 a barrel.
read more... 29/04/2022
Denmark to boost green energy, North Sea gas production to quit Russian supply
Denmark's government on Tuesday said it aimed to significantly boost renewable energy supply and temporarily increase production of natural gas from its fields in the North Sea, in a move to rapidly become independent of Russian supplies.
read more... 20/04/2022
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German economic institutes see sharp recession if Russian gas cut off
Germany would face a sharp recession if gas supplies from Russia are suddenly cut off, the country’s leading economic institutes said on Wednesday, and the government said the war in Ukraine poses “substantial risks” for Europe’s largest economy.
read more... 14/04/2022
Putin tells Europe: Pay in roubles or we’ll cut off your gas
Russian President Vladimir Putin has demanded foreign buyers pay for Russian gas in roubles from Friday (1 April) or else have their supplies cut, a move European capitals rejected and which Germany said amounted to “blackmail”.
read more... 04/04/2022