The European Union is on track to meet its gas storage targets, but analysts warn that the most important factor for energy security this winter will be whether countries can cut consumption enough to ensure that stored natural gas will last through the coldest months, Kate Abnett and Bozorgmehr Sharafedin note in a Reuters analysis. […]
Tag: Russia
The 27 member countries of the EU appear divided on the issue of banning the entry of Russians
The EU should not appear to be at odds over the ban on Russian tourists, European foreign policy chief Josep Borrell said today, calling on member states to find common ground. “We need to reach an agreement and a political decision,” Borrell told reporters on the sidelines of the second day of an informal meeting […]
Peskov: Moscow cannot meet gas delivery obligations due to Western sanctions
Russia remains committed to its gas supply obligations, but is unable to fulfill them due to economic sanctions imposed on it by the West, Kremlin spokesman Dmitry Peskov said today, Interfax news agency reported. Earlier today, Russian energy giant Gazprom announced that it had suspended natural gas deliveries to Europe via the Nord Stream 1 […]
France was prepared for the ‘pretext’ of Gazprom to stop the supply
Gazprom is just using an excuse to stop supplying natural gas to French energy company Engie, France’s energy minister said today, adding that her country had foreseen the loss of supply. “As we expected, Russia is using gas as a weapon of war and is using the way Engie’s contracts are being implemented as a […]
Strong rise in Russian stock market as Gazprom promises $20bn dividend
Shares in Russian gas giant Gazprom surged around 30% on Wednesday as the company reported record first-half profit and announced an interim dividend, Reuters reported. On Tuesday, Gazprom said its board recommended a dividend of 51.03 rubles ($0.8505) per common share for the first half of 2022, bringing the total dividend distribution to 1.208 trillion. […]
Strong rise in Russian stock market as Gazprom promises dividend
LAST UPDATE: 11.17 Shares in Russian gas giant Gazprom surged around 30% on Wednesday as the company reported record first-half profit and announced an interim dividend, Reuters reported. On Tuesday, Gazprom said its board recommended a dividend of 51.03 rubles ($0.8505) per common share for the first half of 2022, bringing the total dividend distribution […]
Zakharova: The German government is doing everything it can to break all energy ties with Russia
LAST UPDATE: 10.47 Russia noted on Wednesday that the German government is “doing everything it can to destroy energy relations with Moscow”, hours after Russian state energy giant Gazprom halted energy supplies to Europe via the Russian-German Nord Stream 1 pipeline. . During a press briefing in Moscow, Russian Foreign Ministry spokeswoman Maria Zakharova said […]
Ukrainian Foreign Minister asks the EU to ban Russian tourists from entering its territory
Ukraine’s Foreign Minister Dmytro Kuleba today asked the EU to ban Russian tourists from entering its territory, calling the measure appropriate since a majority of Russians support Moscow’s “genocidal war of aggression” against Kiev. “The time for half measures is over,” Kouleba told Reuters as EU foreign ministers are expected to meet today in Prague […]
Russia cuts natural gas again – Nord Stream shut down
LAST UPDATE: 14.01 Russian energy giant Gazprom announced today that it has “completely” suspended gas deliveries to Europe via the Nord Stream 1 pipeline due to maintenance work expected to last three days. Work “on a gas compression station has started,” the Russian company said in a statement posted on Telegram. Meanwhile, the Dutch natural […]
Concern in the US: Possible participation of the Indian military in Russian military exercises
The US administration is not hiding its concern over India’s intention to participate in military exercises organized by Russia, White House spokeswoman Karin Jean-Pierre said today. Last month Moscow announced military exercises called Vostok (East) from August 30 to September 5 amid the war in Ukraine. According to the Chinese Ministry of Defense, troops from […]
