Global Squeeze on Energy Supply Warns IEA’s Fatih Birol
On Energy supply global squeeze triggered the shortage and the price of power and fuel price surging, which may get worse, according to the International...
Tag : Russia
NATO’s Encroachment on Crimea Could Lead to WW3: Ex-Russian President
On Monday, Former Russian President Dmitry Medvedev said that any encroachment by NATO members on the Crimean Peninsula could constitute a war against Russia, which...
Argentina, Iran Applies to Join BRICS Group of Emerging Countries
On Monday, an Iranian official said Iran has applied to join the emerging economies known as BRICS. Iran’s foreign ministry spokesman said Iran’s participation in...
Russia Defaults on Foreign Debt for First Time Since 1918
Russia defaulted on its foreign-currency sovereign debt for the first time in a century, resulting from increasingly tough Western sanctions that halted payments to overseas...
Russia Cuts Gas Supply to Netherlands for Not Paying in Rubles
Russia has announced it will cut off gas supplies to the Netherlands starting Tuesday, May 31, as the war in Ukraine intensifies, Reuters reported. On...
Russia Jumps to Fourth Place as Oil Supplier to India
In April, Russia became India’s fourth-biggest oil supplier, and supply will increase further in the coming months as low oil prices boost demand in the...
Australia Imposes More Sanctions on Russian State-Owned Firms
On Thursday, Australia imposed targeted financial sanctions on 14 Russian state-owned enterprises, including defence-related firms like truckmaker Kamaz and shipping companies SEVMASH and United Shipbuilding...
Biden Accuses Putin’s Army of ‘Genocide’ in Ukraine
For the first time, US President Joe Biden accused Vladimir Putin’s forces of genocide in Ukraine, as Russia was stepping up its campaign to retake...
Nokia to Stop Doing Business in Russia
Nokia’s CEO announced that the company would no longer do business in Russia. After Russia invaded Ukraine, many companies cut ties with the country. While...
India-US 2+2 Meet: India Not Voilationg Sanctions to Import Russian Oil, Says Biden
The fourth India-US ‘2+2’ dialogue in Washington was led on the Indian side by Defense Minister Rajnath Singh and External Affairs Minister S Jaishankar and...