War in Ukraine - Economy

Putin says 'priority' to send Ukraine's grain to countries in need

Russian President Vladimir Putin on Wednesday told UN chief Antonio Guterres during a phone call that the "priority" should be to send Ukrainian grain to countries in greatest need, the Kremlin said.

France To Boost Gas Exports To Germany From Mid-October: Operator

New capacity for gas exports from France to Germany will be available from mid-October, France's gas network operator said Wednesday, as Europe's energy system is rejigged following Russia's invasion of Ukraine.

France to limit gas, electricity price hikes to 15% in 2023

France will cap an expected increase in natural gas and electricity prices at 15 percent early next year, extending price controls introduced after Russia's invasion of Ukraine, Prime Minister Elisabeth Borne said Wednesday.

UN 'pursuing all efforts' on Russian fertilizer exports

The United Nations is working to limit sanctions impacting Russia's exports of ammonia, a key fertilizer ingredient, UN trade negotiator Rebeca Grynspan said Tuesday.

No option but to permit Russian uranium shipment: Germany

The German government said Monday that it can't stop a shipment of Russian uranium destined for French nuclear plants from being processed at a site in Germany because atomic fuel isn't covered by European Union sanctions on Russia.

EXPLAINER: Europe struggles to cope with Russia gas shutoffs

Europe is facing an energy crisis that is squeezing ordinary people's finances and in just a few weeks could mushroom into rolling blackouts and factory shutdowns. Already, many economists say a recession is on the way.

Putin warns 'no gas, no oil' to countries that cap prices

Russia will stop delivering oil and gas supplies to countries that introduce price caps, President Vladimir Putin said Wednesday.

Putin says Ukraine grain going to EU, not developing nations

Russian President Vladimir Putin said Wednesday that most of the grain leaving Ukrainian ports after a blockade that fuelled a global food crisis is reaching the EU instead of developing nations.

Ukraine's foreign reserves rise in August, first time in 5 months

Ukraine's foreign reserves rose 13.6 percent in August, expanding for the first time in five months, data from the National Bank of Ukraine (NBU) showed on Tuesday.

China to pay for Russian gas in yuan, rubles: Gazprom

Russia's energy giant Gazprom said Tuesday that China will start paying for Russian gas in rubles and yuan instead of US dollars, as Moscow seeks closer ties with Beijing in the wake of Western sanctions over Ukraine.

Russia sends more energy to Asia as Europe cuts back

Russia sent significantly more oil and coal to India and China over the summer compared with the start of the year, while European countries that long relied on Russian energy have cut back sharply in response to the war in Ukraine, said a report published Tuesday.

Erdogan blames Europe's energy crisis on Russia sanctions

Turkish President Recep Tayyip Erdogan on Tuesday blamed Europe's energy crisis on sanctions it imposed on Russia over the invasion of Ukraine -- a line taken by the Kremlin itself.

Macron urges French to save energy, seeks 10% drop in use

French President Emmanuel Macron is calling for a sharp 10% reduction in the country’s energy use in coming weeks and months to avoid the risk of rationing and cuts this winter, amid tensions with supplier Russia over the war in Ukraine.

Germany agrees 65bn-euro inflation relief package

The German government on Sunday unveiled a new multi-billion euro plan to help housesholds cope with soaring prices, and said it was eyeing windfall profits from energy companies to help fund the relief.

Russia sanctions not working: Italy far-right leader

The leader of Italy's far-right League party, Matteo Salvini, has sparked debate by saying that the unprecedented sanctions the West had imposed on Russia over the Ukraine invasion weren't working.

EXPLAINER: How would a G-7 price cap on Russian oil work?

Capping the price of Russian oil, an approach G7 members said Friday they want to pursue "urgently," would be an unprecedented move and one which some analysts say could backfire.

Sweden to issue guarantees worth 'billions' to energy groups

Sweden said Saturday it would provide liquidity guarantees to Nordic and Baltic energy companies worth "billions of dollars" in a bid to prevent a financial crisis sparked by Europe's energy crunch.

EU ready if Russia turns off gas supplies: Gentiloni

EU Economy Commissioner Paolo Gentiloni said Saturday that the European Union was "well prepared" in the event of a total halt in Russian gas deliveries, thanks to storage capacity and energy-saving measures.

Russia's Gazprom announces full halt of gas flows to Europe until turbine repaired

Russia's Gazprom announces full halt of gas flows to Europe through key pipeline, cites need for further repairs.

Russia's Gazprom expected to resume pipeline supplies

Russia's Gazprom looked set to resume gas supplies to Europe via Nord Stream 1 this weekend, data from the pipeline operator showed Friday, after a halt that fuelled an energy crisis.

1 2 3 4 5