The price of imported energy in Italy rose in March by 72.5% on a yearly basis, the National Institute of Statistics (ISTAT) reported on Tuesday. Data ...
Wheat prices surged to a new record high on Monday after India decided to prohibit exports of the commodity as a heatwave hit production. The price cli...
The European Union on Monday slashed its forecasts for economic growth in the 27-nation bloc amid the sanctions imposed on Russia over the conflict in ...
Russia’s real GDP is projected to decline by 10.4% this year after a growth of 4.7% recorded in 2021, according to the latest outlook revealed by the E...
Deliveries of Israeli natural gas via Turkey to Europe are being considered as an alternative to Russian energy supply, Turkish newspaper Yeni Şafak re...
The Russian ruble is edging towards a five-year high against the euro on Monday, demonstrating unprecedented resilience amid the most drastic sanctions...
European Union member states have failed to agree on proposals to ban Russian oil imports, after more than 10 days of talks, with Hungary leading a gro...
The Ukrainian government will take “painful” measures if the military conflict in the country lasts another three or four months, according to the coun...
The American fast-food chain McDonald's has decided to completely withdraw from the Russian market, and has started selling its assets across the count...
The European flying public should expect higher prices this summer when it comes to booking flights, Ryanair CEO Michael O’Leary has warned. The cost o...
The cessation of Russian gas deliveries would have a catastrophic effect on the German economy, according to Siegfried Russwurm, president of the count...
A “perfect winter storm” may be forming in Europe, as the continent seeks to limit Russian gas flows, analysts at Rystad Energy said in a press release...
Egypt’s economy has sustained losses of up to 130 billion Egyptian pounds ($7 billion) amid the Ukrainian crisis, according to the country’s Prime Mini...
In an attempt to escape hefty write-downs on operations in Russia due to their exit from the sanction-hit country, UniCredit and Citigroup are explorin...
The Croatian parliament has approved a law on adopting the euro on January 1, 2023. Lawmakers voted 117-13 in favor of replacing the kuna with the Euro...
The sharp increase in the cost of living in the UK has stretched to national medical services and is causing more British families to fall into the ‘vu...
The natural gas price in Bulgaria has soared by 13.7%, the state news agency BTA reported on Friday.Bulgaria’s Energy and Water Regulatory Commission (...
Electricity supplies from Russia to Finland were halted on Saturday, RAO Nordic said in a statement, explaining that it had received no payment for pow...
Russia's economy is coping better with Ukraine-related Western sanctions than could be expected, JPMorgan Chase said in a note to clients dated last we...
Russia's oil export revenue has jumped some 50% since the beginning of 2022, Bloomberg reports, citing data from the International Energy Agency (IEA)....
The cost of gasoline at petrol stations across the United States hit a new all-time record on Friday, according to the American Automobile Association ...
Russian utility Inter RAO will stop exporting electricity to Finland from May 14, Finland’s grid company said on Friday.According to Fingrid, citing In...
British Prime Minister Boris Johnson on Thursday ordered cabinet ministers to significantly reduce departmental staffing levels in a push to lower gove...
The European Commission may waive competition regulation in order to let EU nations put caps on gas prices for consumers if Russian gas supplies stop, ...
A sixth round of Ukraine-related anti-Russia sanctions is unlikely to include an oil embargo, several media outlets reported citing sources within the ...
Billionaire Elon Musk said on Friday that his deal to buy Twitter is “temporarily on hold” after the social network reported that false or spam account...
Claims by high-ranking officials that the Russian economy is crashing are completely inaccurate, according to former Austrian foreign minister Karin Kn...
Russia could stop providing Finland with natural gas due to the country’s bid to join NATO, Finnish newspaper Iltalehti reported on Thursday, citing un...
Austrian Chancellor Karl Nehammer called on Russian energy giant Gazprom to refill its natural gas storage facility near Salzburg, in an interview with...
The Russian ruble has eclipsed 31 major currencies in growth since the start of 2022, becoming the globe’s best-performing currency, Bloomberg reported...
The Swiss government on Thursday reported that 6.3 billion Swiss francs ($6.33 billion) worth of Russian assets have been frozen under the country’s sa...
Russia is expecting a bumper crop this year, including a record wheat harvest, Russian President Vladimir Putin said on Thursday, citing preliminary da...
Ten more European gas buyers have opened accounts in Russia’s Gazprombank, Bloomberg reported on Thursday, citing sources close to Gazprom. That has do...
Germany is not yet ready for a total embargo on Russian gas, the country’s vice-chancellor and economy minister, Robert Habeck, said on Thursday. Accor...
Russian energy major Gazprom said on Thursday it will not be able to use the Polish section of the Yamal-Europe pipeline for gas transit to Europe due ...
The authorities in Kiev will forcibly seize the assets of two major Russian banks in the country, Sberbank and VEB.RF, according to media reports citin...
Munich-based industrial giant Siemens is leaving the Russian market in response to Moscow’s military operation in Ukraine, the company said in a statem...
Russian energy giant Gazprom said on Thursday that it currently supplies gas for transit to Europe via the Sudzha entry point. The application for pump...
Oil giant Saudi Aramco eclipsed Apple to become the world’s largest firm by market capitalization, media reports, citing data from Refinitiv.Aramco’s m...
A Swiss court in the city of Zug has suspended the bankruptcy procedure for Nord Stream 2 AG, the European operator of the Nord Stream 2 gas pipeline, ...
Bulgaria has reached a deal to buy liquefied natural gas (LNG) from the US, the country’s government said in a statement on Wednesday. The agreement wa...
The chairman of major British supermarket Tesco, John Allan, said that many in the country are struggling with the increasing costs of food and fuel du...
New research by think tanks Ember and Global Witness has found that at current prices, the EU’s projected natural gas demand for 2030 could cost €250 b...
Ukraine suspended the flow of Russian natural gas to Europe on Wednesday, while blaming Moscow for the disruption. Russian gas had so far been flowing ...
Germany’s energy regulator said on Wednesday that Russian gas flows at the Waidhaus border point through Ukraine declined by 25% on the previous day. T...
Japan's national debt has hit a new record high, reaching 1,241 trillion yen, or about $9.55 trillion, in the fiscal year 2021, which ended in March, t...
The US asked Brazil in March to increase its crude oil output to curb soaring prices amid international sanctions against Russia, but Brazil refused, R...
Italian Prime Minister Mario Draghi said on Wednesday that he discussed setting up a “cartel” of oil buyers in order to persuade the OPEC countries to ...
Prices of consumer goods continue to soar across America, the latest official print of the Consumer Price Index confirmed on Wednesday, showing price g...
Greece is the latest EU country to be hit with double-digit inflation, reaching the highest level since 1994.Inflation in the country surged to 10.2% y...
