Russia targets Ukraine’s energy grid with massive strikes October 23, 2022 Russia has launched a fresh wave of attacks on Ukraine, targeting the country's energy grid with a "new massive strike."
Treasury grants licence to pay contracts for Russia’s Gazprombank until May 31 April 22, 2022 The treasury has granted a licence to pay Russia’s Gazprombank and its subsidiaries until the end of next month. The decision was made to ensure gas supplies continue to flow to the European Union according to a document seen by Reuters. The license allows an individual or firm to continue paying any contracts that began [...]
Oil prices surge as Western sanctions on Russia bite March 1, 2022 Both major oil benchmarks surged today, amid escalating concerns over supply disruptions after Russia's invasion of Ukraine.
Nuclear energy leaders to meet Prime Minister Boris Johnson next week, as UK continues to wean itself off Russian fuel March 18, 2022 Nuclear industry leaders are set to hold talks with the prime minister next week, as Britain continues its bid to wean itself on dependence on Russian energy. It has been reported that executives from companies such as EDF and Rolls-Royce will meet Boris Johnson on Monday, alongside US industrial giant Westinghouse, according to Sky News’ [...]
EU plans to seize Russian energy revenues as conflict escalates in Ukraine April 6, 2022 The European Union (EU) is planning to seize a portion of Russian energy revenues to pay for the future rebuilding of Ukraine.
France and Germany evaded Crimea embargo to sell weapons to Kremlin, analysis says April 23, 2022 France and Germany evaded an EU ban set in 2014 and sold weapons to the Kremlin, which are now used in Moscow’s invasion of Ukraine. According to an EU analysis exclusively reported by the Telegraph, Paris and Berlin sent €273m worth of equipment, going against an arms’ ban imposed following the 2014 war in Crimea. [...]
Russia warns West of $300 oil prices and gas supply cuts if countries impose energy sanctions March 8, 2022 Russia has warned the West it could close pipelines and that oil prices will spike to over $300 if countries impose energy sanctions.
Oil prices peak at $113 per barrel as fears over supply shortages escalate March 2, 2022 Both major benchmarks have continued to rally amid growing concerns over supply disruption following Russia's invasion of Ukraine.
Zahawi: Energy price cap rise will cause ‘stress and anxiety’ August 26, 2022 Chancellor Nadhim Zahawi has acknowledged today’s 80 per cent price cap rise will cause “stress and anxiety” as campaigners urge the government to take action. In a move that will concern millions of Brits, this morning it was announced by Ofgem the energy price cap will rise to £3,549 per year from October. The rise [...]
Block Russian oligarch from spending frozen funds, High Court told September 27, 2022 The UK’s National Crime Agency (NCA) is seeking to block sanctioned Russian billionaire Petr Aven from using £1.5m in frozen funds stored in bank accounts linked to two companies responsible for managing his central London properties and Surrey estate. The £1.5m funds were frozen by the NCA in May after HSBC and Monzo Bank raised [...]