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Gazprom is majority state-owned, which means that the Russian state receives a sizeable sum of its profits. Russia relies on oil and gas business in part to fund its ongoing war in Ukraine; with ...
MOSCOW/KYIV (Reuters) -Russian gas exports via Soviet-era pipelines running through Ukraine came to a halt on New Year's Day, marking the end of decades of Moscow's dominance over Europe's energy ...
The EU has significantly reduced imports of gas from Russia since it launched its full-scale invasion of Ukraine in 2022, but a number of eastern member states still depend largely on the supplies ...
The sanctions were aimed at reducing Russia's oil revenue, which Ukraine reported was important in funding the ongoing Russian invasion of Ukraine. This move halted oil transit across the nation. It effectively blocked oil passage from Lukoil's pipeline to Central Europe, thus abruptly partially negating Hungary's and Slovakia's exemption ...
Since the 2022 Russian invasion of Ukraine, the European Union, the G7 nations and Australia have imposed sanctions on Russia.The sanctions on oil began in December 2022 and included an embargo of Russian oil, namely, the bringing of crude oil and refined oil products from Russia to the EU and other G7 nations by ship, with a few exceptions.
Even as Russia’s war against Ukraine began in 2022, Russian natural gas flowed through the country’s pipeline network, established when both nations were part of the Soviet Union, to Europe ...
EUR/Ruble exchange rate (Rubles per Euro. On 23 March 2022, Russian President Vladimir Putin announced payments for Russian pipeline gas would be switched from "currencies that had been compromised" (that is, US dollar and euro) to payments in roubles when the transaction involved a country formally designated "unfriendly" previously, which included all European Union states; on 28 March, he ...
PRAGUE/BUDAPEST (Reuters) -Slovakia and Hungary said they have stopped receiving oil from key supplier Lukoil after Ukraine imposed a ban last month on the transit of resources from the Russian ...