EU Sanctions Russian Cryptocurrency Accounts
The EU has expanded its ban on extending cryptocurrency services to Russian citizens, in an eighth round of sanctions which were ratified on Thursday. The extended measures will be added…
Germany Denounces American Profiteering On Energy
On Wednesday Germany’s Economy Minister Robert Habeck derided the US for using the continually worsening energy crisis in Europe to rack up record profits for American energy companies. In a…
BRICS Countries Look To Establish A Reserve Currency
Ambassador at large of Russia’s Foreign Ministry Pavel Knyazev revealed this week the BRICS countries are working to establish a new reserve currency they can use to facilitate trade, which…
Nord Stream 2 Appears To Have Stopped Leaking
The Danish Energy Agency now says that the Nord Stream 2 pipeline appears to have stopped leaking natural gas. In a tweet Saturday, the agency said it had been informed…
EU Nations Fail To Agree On Russian Oil Price Cap
European Union nations cannot agree on the terms of a proposed price cap on Russian oil, making it appear likely they will push back the idea until after agreements can…
Mazda Ceasing Production In Russia
According to a report in Nikkei newspaper, Mazda Motor Corp has begun discussions to end production of its vehicles at a plant in the eastern Russian city of Vladivostok. After…
Germany May See Gas Shortages If Winter Is Colder
Despite the fact Germany has managed to fill its storage facilities for natural gas to near their maximum capacity, the country’s economy minister warns that the nation may still see…
Adidas Accused Of Massive Non-Payment Of Russian Taxes On Exit From Country
When German athleticwear giant Adidas pulled out of Russia in March, the company failed to pay 10 billion rubles ($166 million) in Russian taxes it owed, according to reports from…
Economic War Heats Up As US Threatens To Sanction Banks Using Russian Payment System
On Thursday, the US Treasury Department announced that it is prepared to impose economic sanctions on any banking institution outside Russia which uses the country’s payment system. In a press…
Russia’s Energy Revenues Continue To Soar
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…
