Russia dodges default after paying debts in US dollars April 30, 2022 Russia has paid $649m worth of interest payments using its US currency reserves, in a bid to avoid a default. The payments come after Russia said it would only repay its debts in its own currency, as it claimed sanctions were blocking it from paying in dollars. The Russian Federation has now sent $649m in [...]
Clean energy start-up pursues investors for world’s longest undersea cable April 29, 2022 Plans for the world's longest undersea cable connecting that could deliver nearly a tenth of the UK's electricity have been given a fresh boost today.
ExxonMobil trebles buyback scheme after $3.4bn Russia write-down April 29, 2022 Exxon Mobil (Exxon) has revealed a hefty $3.4bn write-down following its withdrawal from Russia in its first quarter update.
Oil prices recover as Germany lifts opposition to Russian import ban April 29, 2022 Oil prices have risen for a fourth consecutive day with concerns over Russian supply disruptions trumping reduced demand in China.
Germany ‘won’t stand in the way’ of EU ban on Russian oil imports April 29, 2022 Germany has dropped its opposition to a potential European Union (EU) ban on Russian oil imports after weeks of resisting the move.
Putin to ‘lay the groundwork for an announcement to cover his failure’ and admit Ukraine is a war April 28, 2022 The UK Defence Secretary said this morning that people should not be “too alarmed” by the Russian president’s warning that countries intervening in the Ukraine war will be met with a “lightning-fast” response. Ben Wallace told BBC Radio 4’s Today programme that Vladimir Putin has made similar threats before and was trying to “lay the [...]
Foreign Office confirms a British national has been killed in Ukraine April 28, 2022 The foreign office has confirmed a British national has been killed in Ukraine. The unnamed individual was reported dead on Thursday while a second person is reported missing. According to Sky News, the foreign office said: “We can confirm that a British national has been killed in Ukraine and are supporting their family.” “We are [...]
Total pain: French energy giant suffers $4.1bn hit from Arctic LNG project April 28, 2022 TotalEnergies has taken a $4.1 billion hit following it withdrawal from a Russian liquiefied natural gas (LNG) project in the Arctic.
Russia using trained bottlenose dolphins to protect its Black Sea fleet April 28, 2022 Russia is using bottlenose dolphins to stop its warships from being sabotaged. New satellite images analysed by the US Naval Institute show dolphin pens in the occupied Black Sea port of Sevastopol. The animals have been trained to detect mines and warn of hostile scuba diving soldiers, known as frogmen. This comes after the Kremlin’s [...]
Revealed: Russia pockets £53bn in oil and gas cash since start of Ukraine war with £7.6bn from Germany April 28, 2022 It has been revealed that Germany was the biggest buyer of Russian energy during the first two months of the war in Ukraine A study published by the Centre for Research on Energy and Clean Air (CREA) calculated that Russia has earned £53bn from fossil fuel exports since February 24, the date Russian troops attacked [...]