In his first trip outside of China in more than two years, Chinese President Xi is set to embark on a tour of Central Asia to showcase Beijing’s Eurasian vision The tour is set to […]
China has become an unlikely supplier of natural gas to energy-strapped Europe, which is scrambling to load up on the fuel ahead of winter after Russia slowed supplies to the region. The unusual development comes as China snaps up cheap […]
WASHINGTON, Sept 11 (Reuters) – U.S. Treasury Secretary Janet Yellen on Sunday said Americans could experience a spike in gas prices in the winter when the European Union significantly cuts back on buying Russian oil, […]
Russia’s finance ministry announced the nation will receive another boost in revenues this month from energy exports. The ministry announced that September will see an additional $6.67 billion flow into the state coffers, which will […]
The US Treasury’s Office of Foreign Assets Control (OFAC) has released guidance on its implementation of the oil price cap being imposed on Russia by the G7 group of nations. US companies will be allowed […]
An emergency meeting of EU energy ministers on Friday meant to reassure both energy companies and the European public regarding soaring prices and severely strained supply amid Russian countermeasures in response to Western sanctions is […]
Russia’s gas giant Gazprom is set to rake in 85% higher revenues this year, to around $100 billion, as natural gas prices surged following the Russian invasion of Ukraine and the significant cut to Russian […]
Three months from now, an EU-wide embargo on Russian crude oil imports will kick in, shutting off almost all shipments of the commodity from Russia to Europe. But right now, Europe is importing over 1 million […]
VLADIVOSTOK, Russia, Sept 7 (Reuters) – Russian President Vladimir Putin said on Wednesday that China will pay Gazprom (GAZP.MM) for its gas in national currencies, based on a 50-50 split between the Russian rouble and Chinese yuan. […]
VTB, a top Russian bank, has begun to make money transfers to China in yuan, bypassing the SWIFT global financial messaging system. VTB CEO Andrey Kostin said in a statement, “The new reality is leading […]
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