The European Commission proposed a gradual ban on Russian oil imports to punish Moscow for its invasion of Ukraine Wednesday, as officers in the destroyed town of Mariupol mentioned heavy preventing on the Azovstal metallic plant. The EU additionally pledged to “significantly growth” its aid for Ukraine’s neighbour Moldova, which has seen a chain of … Read more
Friendship, or Druzhba in Russian, is the name of the pipeline that transports Russian oil to Germany. Vladimir Putin’s war on Ukraine, on the other hand, has shattered any remaining feelings of affection. Druzhba began operations in the 1960s, delivering oil from the Soviet Union to Schwedt in former communist East Germany across a distance … Read more
Hungary warned on Wednesday that a potential EU embargo on Russian oil would provide no assurance of energy security. In a statement to AFP, the Hungarian government’s press office stated, “We don’t see any plan or guarantee on how even a transition could be managed on the basis of the current proposals, and what would … Read more
European Union countries would stop importing Russian oil and refined goods, according to the president of the bloc’s executive European Commission, who proposed a sixth round of sanctions on Moscow for its war in Ukraine on Wednesday. To cheers, Ursula von der Leyen told the European Parliament, “We will phase out Russian supply of crude … Read more
Major stock markets frequently steadied Tuesday, with investors braced for a pointy US hobby rate hike to cut back hovering inflation. All eyes are on the belief Wednesday of America Federal Reserve’s -day policy assembly, where it is expected to raise borrowing fees by way of half a percent factor for the first time on … Read more
Indian Prime Minister Narendra Modi referred to for speaking to stop the war in Ukraine at the start of a European excursion on Monday however advised clear of condemning Russia over the invasion. India, which imports tons of its army hardware from Russia, has long walked a diplomatic tightrope among the West and Moscow and … Read more
According to sources, the EU will propose a phased-out ban on Russian oil imports as part of a new wave of penalties against Russia for its invasion of Ukraine. The European Commission, which draws up sanctions for the EU’s 27 countries, is currently preparing the text, which could be put to the member states as … Read more
For weeks, the EU has been discussing a ban on Russian oil as countries seek to penalize Russia for Vladimir Putin’s invasion of Ukraine. The issue has caused controversy among EU member states and brought to light the EU’s reliance on Russian energy sources. The EU members took weeks to get an agreement on the … Read more
Germany is in a huge dilemma over stopping import of Russia’s gas Germany is stuck between moral and financial problems of how to get off Russian gas without hurting its economy. Right now, Russia supplies 40% of Germany’s gas, warming homes and fueling its enormous modern area. In any case, each day that Russia’s non-renewable … Read more
Why is India stocking up on Russian oil? As calls go on for India to stay away from Moscow after the intrusion of Ukraine, its oil buys from Russia have dramatically increased from the year before. The Indian government has guarded the transition to purchasing Russian oil and expressed out loud that whatever it purchases … Read more
India has bought more than two times as a great deal crude oil from Russia in the months when you consider its invasion of Ukraine because it did in the complete of 2021, in line with Reuters calculations, as Indian refiners snapped up discounted oil that others have avoided. Refiners in India have located orders … Read more
European countries that continue to buy Russian oil, according to Ukrainian President Volodymyr Zelensky, are “earning their money in other people’s blood.” President Zelensky singled out Germany and Hungary in an interview with the BBC, accusing them of obstructing efforts to impose an embargo on energy shipments, from which Russia stands to profit up … Read more
As Western sanctions tighten, Russia is looking for new markets for its oil exports, and India is taking advantage of lower prices to increase imports from the nation. Although these oil supplies do not breach sanctions, the US has stated that “support for Russia…is support for an invasion that certainly is having a terrible impact.” … Read more
PARIS – Sandwiched between Russia and the European Union, Ukraine has been torn between its former Soviet master and the West of which it wants to be a part since its independence in 1991. Here is an overview: – Dominated by Russia – Ukraine votes overwhelmingly for independence from the crumbling Soviet Union in … Read more
