Natural gas started flowing through a major pipeline from Russia to Europe on Thursday after a 10-day shutdown for maintenance, the operator said
The European Union moved closer to imposing more sanctions on Russia after its 27 ambassadors backed a series of measures to ban gold imports
Russian President Vladimir Putin said Tuesday that the flow of Russian natural gas to European customers has dwindled due to the West's own fault and warned that it could continue ebbing. Putin's statement further cranked up pressure on the European Union, which fears Russia could cut off gas to wreak economic and political havoc in Europe in the winter. Speaking to Russian reporters in Tehran, where he attended the talks with the leaders of Iran and Turkey, Putin said the amount of gas pumped through the Nord Stream pipeline to Germany will fall further from 60 million to 30 million cubic meters a day, or about one fifth of its capacity, if a turbine isn't quickly replaced. He added that Russia could launch the recently completed Nord Stream 2 pipeline that has never entered service, but noted that it would only have half of its designated capacity because the rest has been used for domestic needs. The Russian leader also warned the West that its plan to cap the prices of Russian
Russian President Vladimir Putin did not discuss the deliveries of drones either with Iranian President Ebrahim Raisi or with Supreme Leader Ayatollah Ali Khamenei, Kremlin said
IMF said Europe lacked a comprehensive plan to cope with shortages, further increases in energy prices and the impact on growth, The Guardian reported.
Russia has long objected to foreign tech platforms' distribution of content that fall foul of its restrictions
Gazprom has been delivering less gas than ordered by customers over the past month, with the company citing problems with turbines at its main pipeline to Europe that ends in Germany
An invoice seen by Reuters shows the bill for supplying oil to one refiner is calculated in dollars while payment is requested in dirhams.
The EU ministers are also looking at ways to add a ban on gold exports in hopes that the measures might finally start to have a decisive impact on the war in Ukraine.
A senior Treasury official said India had made no promises on the oil price cap, but was working with the United States and had not "expressed hostility to this idea".
H&M AB decided to start winding down its operations in Russia, having halted all sales in the country in March after Russia's attack on Ukraine
Live news updates: The Presidential poll is scheduled to be held on July 18 as the tenure of President Ram Nath Kovind ends on July 24
Russian officials have visited an airfield in central Iran at least twice in recent weeks to view weapons-capable drones it is looking to acquire for use in its ongoing war in Ukraine: The White House
Yellen, speaking at a meeting of G20 finance officials in Indonesia, said countries should target fiscal support measures to help those most in need
Energy geopolitics have often been at the root of major conflicts
'Leave' in August could be annual feature and will follow Chinese industry taking a break every February
Russian missiles struck a city in central Ukraine, killing at least 23 people and wounding more than 100 others
French President Emmanuel Macron warned his country's people Thursday to prepare for a total cutoff of Russian natural gas by supporting alternatives, having public lights switched off at night
INSTC is a 7,200 km-long transportation network offering the shortest connectivity route to its member states. It was established on September 12, 2000, by Iran, Russia and India
Live news upedates: Sri Lanka President Gotabaya Rajapaksa is headed to Saudi Arabia via Singapore