The Moscow Exchange on Thursday suspended trading in dollars and euros after it was sanctioned by the United States in a new raft of restrictions aimed at hindering Russia’s ability to wage war in Ukraine. “Due to the introduction of restrictive measures by the United States against the Moscow Exchange Group… from June 13, 2024,…
The United States on Wednesday announced a raft of new sanctions aimed at constraining Moscow’s ability to wage war on Ukraine while raising the stakes for foreign banks that still do business with Russia. The Treasury Department and State Department’s sanctions impacted more than 300 targets, including entities in Russia and countries like China, Turkey…
A Russian nuclear-powered submarine and other naval vessels arrived in Cuba on Wednesday for a five-day visit to the island in a show of force amid spiraling U.S.-Russian tensions. The submarine Kazan, which Cuba says is not carrying nuclear weapons, was accompanied by the frigate Admiral Gorshkov, as well as an oil tanker and a…
Russian exiled media and activists held a telethon on Wednesday in support of the growing number of political prisoners inside Russia, raising tens of thousands of euros for those currently held behind bars. Moscow has waged a sweeping crackdown against domestic dissent since the full-scale invasion of Ukraine in February 2022. Leading rights group Memorial…
Russian peacekeepers on Wednesday completed their withdrawal from the Nagorno-Karabakh region, which Baku recaptured last year from Armenian separatists, officials in Baku said. Azerbaijan and Armenia had fought two wars — first from 1988 to 1994 and then again in 2020 — for control of the then-breakaway enclave. “The process of the full withdrawal of the manpower,…
Russia’s Supreme Court last week ruled to ban the so-called “Anti-Russian Separatist Movement” and “its structural divisions” as an extremist organization. Though no organization with this name formally exists in Russia or elsewhere, the country’s Justice Ministry defined the group as an “international public movement to destroy the multinational unity and territorial integrity of Russia.” …
Moscow has called for the immediate release of a Russian woman arrested in Denmark on suspicion of espionage, Russian Foreign Ministry spokeswoman Maria Zakharova said Wednesday, accusing Copenhagen of “persecution.” Danish authorities announced Tuesday that a Russian citizen had been arrested on suspicion of “enabling a foreign intelligence service to operate in Denmark.” They did not…
German energy giant Uniper said Wednesday a tribunal had awarded it over 13 billion euros ($14 billion) in damages from Russian state energy company Gazprom for its failure to deliver gas. The ruling gave Uniper “the right to terminate the contracts and awarded it an amount of more than 13 billion euros in damages for…
North Korean leader Kim Jong Un on Wednesday hailed his country’s ties with Russia, saying the two nations were “invincible comrades-in-arms” amid reports President Vladimir Putin will visit Pyongyang this summer. Kim made a rare overseas trip to meet the Kremlin leader in Russia’s far east last year, with Seoul and Washington subsequently accusing Pyongyang…
Serbian Deputy Prime Minister Aleksandar Vulin praised security cooperation with Russia, emphasizing continued mutual support on the international stage, in a statement on Tuesday. Vulin, the former head of intelligence services, made the comments following a meeting with Russian Interior Minister Vladimir Kolokoltsev in Moscow, said a government statement. Kolokoltsev informed Vulin of “attempts to…
MOSCOW — On a hot early summer afternoon, city dwellers take refuge in the shade of the capital’s historic Kolomenskoye Museum-Reserve, playing sports, having picnics and painting en plein air, all to the tune of lively birdsong. This picturesque atmosphere vanishes as one approaches the park’s Moskva River embankment, a once-popular spot for walkers and…
Three Russian ships and a nuclear-powered submarine will arrive in Cuba on Wednesday for naval exercises in the Caribbean Sea that will run through Monday. Despite the capability of two of these craft to carry nuclear-capable long-range missiles, Havana says none of the ships carry nuclear weapons and Washington says the exercises “pose no direct…
A group of exiled Kremlin critics on Tuesday urged EU countries to do more to welcome Russians fleeing Vladimir Putin’s regime, arguing that a shortage of skilled workers would deal a blow to the country’s wartime economy. According to some estimates, up to one million people have fled Russia since Moscow invaded Ukraine in 2022.…
Estonia, Latvia and Lithuania will disconnect their electrical grids from the Russian and Belarussian system (BRELL) in February next year, officials from the Baltic nations have confirmed. “The desynchronization process, which has lasted for almost 20 years, will come to an end in early August when the Baltics inform Russia and Belarus that they do…
Authorities in Far East Russia’s republic of Sakha (Yakutia) on Tuesday declared a state of emergency due to ongoing wildfires across the region. More than 40 wildfires were burning in Sakha as of Tuesday morning, according to regional authorities, engulfing a total area of some 830 square kilometers — roughly the size of Berlin or…
Russia’s Defense Ministry said Tuesday that its forces captured two villages in eastern Ukraine, the latest in a string of gains for Moscow since launching a surprise ground offensive against the northeastern Kharkiv region last month. Russian forces took control of Tymkivka in the Kharkiv region and Miasozharivka in the partially occupied Luhansk region, the…
Russia’s newly appointed Defense Minister Andrei Belousov met with a group of military bloggers on Monday, a gesture that observers said showed that the Kremlin seeks to use his appointment to boost support from military commentators. Belousov, who replaced longtime Defense Minister Sergei Shoigu, met with leading correspondents covering the Kremlin’s war against Ukraine, including…
Danish authorities announced Tuesday that they arrested a Russian citizen for suspected espionage, with media reports saying it was a woman well-known in the Russian diaspora. The Danish Security and Intelligence Service (PET) said the Russian national was arrested south of Copenhagen and suspected of “enabling a foreign intelligence service to operate in Denmark.” The agency said…
Russian attacks on Ukraine’s energy grid have destroyed half of its electricity generation capacity since the winter, leading to scheduled power outages and regular blackouts, Ukrainian President Volodymyr Zelensky said on Tuesday. “As a result of the strikes of Russian missiles and drones, nine gigawatts of capacity have already been destroyed. The peak of electricity…
Officials in the Siberian city of Tomsk have revoked the mandate of the jailed former regional head of Alexei Navalny’s headquarters, removing her from her position as a city council member, local media reported Tuesday. Ksenia Fadeyeva, who was elected to the Tomsk city council in 2020, was one of the few Navalny allies to…
Russian and Belarusian armed forces have begun joint non-strategic nuclear weapon exercises, Russia’s Defense Ministry said Tuesday, marking the “second stage” of wider drills announced by Moscow early last month. Moscow’s Defense Ministry said the latest stage of “the exercises are aimed at maintaining the readiness of personnel and equipment of units for the combat…
A Russian military jet crashed during a training flight in the North Caucasus region of North Ossetia, killing two people on board, the Defense Ministry said Tuesday. A statement said the Su-34 jet crashed “in a mountainous zone” and added that there was “no damage on the ground.” It did not specify when the accident…
“I miss Komi, I miss Syktyvkar. I even thought about coming back, but I realized that I would be coming back to jail,” said Valera Ilyinov, an exiled native of Russia’s republic of Komi, located about 1,000 kilometers northeast of Moscow. His reservations about returning home are not unwarranted. Last month, the 24-year-old founder of…
Bulgaria’s sole nuclear power plant on Monday began using atomic fuel produced by the U.S.-based Westinghouse Electric Corporation, a key step as the country shifts away from its reliance on Russian energy. The state-owned Kozloduy plant on the Danube River supplies more than a third of the country’s electricity and has so far relied on…
A Russian state television cameraman was injured in a mine explosion in the western Belgorod region, local authorities said Monday. “In the city of Shebekino, four people were blown up by a mine, three of them regional defense fighters and one employee of the Rossiya 24 TV channel,” Belgorod region Governor Vyacheslav Gladkov wrote on…
Russia’s Defense Ministry said Monday its forces seized control of a village in the southern part of eastern Ukraine’s partially occupied Donetsk region. Russian troops “continued to advance into the depths of the enemy’s defense and liberated the settlement of Staromaiorske,” located southwest of the Russian-held city of Donetsk. Ukrainian troops had retaken the village…
President Vladimir Putin will travel to North Korea and Vietnam in the coming weeks, the business newspaper Vedomosti reported Monday, citing Russian diplomats familiar with the matter. Russia’s Ambassador to North Korea Alexander Matsegora told the newspaper that he is “actively preparing” for the Kremlin leader’s visit to Pyongyang but otherwise did not specify an…
The Kremlin said Monday it is “attentively observing” the gains of far-right parties in the EU elections, which prompted French French President Emmanuel Macron to announce a snap general election. “As far as we can see, the majority will be pro-European and pro-Ukrainian… but we see the trend of rising popularity of right-wing parties,” Kremlin spokesman…
Ukrainian President Volodymyr Zelensky on Monday denied Russian troops had captured a village in the northeastern Sumy region, where the Chechen leader Ramzan Kadyrov previously claimed Moscow’s forces had advanced. Kadyrov said on Sunday that Russian forces had seized the border village of Ryzhivka. There was no immediate comment from Russia’s Defense Ministry and a…
A court in Russia’s Urals region has sentenced a man to three years in prison for insulting a child who wore a pro-war hat, regional prosecutors announced Monday. The Oktyabrsky District Court in Yekaterinburg found Alexander Neustroev guilty of “hooliganism committed with the threat of violence, motivated by hatred against a social group,” according to the…
U.S. President Joe Biden’s national security advisor said on Sunday that Russia’s advance on northeastern Ukraine’s Kharkiv region “has stalled.” “The momentum of that operation in Kharkiv has stalled out,” Jake Sullivan told CBS. “Kharkiv is still under threat but Russians have not been able to make material progress on the ground in recent days…
Ukraine said Sunday it had hit an Su-57 fighter jet parked at an airfield in southern Russia, its first ever attack on Moscow’s latest generation stealth aircraft. The flagship Su-57 entered into service with Russia’s aerospace forces in December 2020 and was designed to replace ageing Soviet-designed fighter aircraft such as the Su-27 and MiG-29.…
The Energy Panel organized with the support of Rosneft was held as part of the 27th St. Petersburg International Economic Forum
Russian shelling and aerial attacks killed two people in southern and northeastern Ukraine Saturday, authorities said, a day after the United Nations warned monthly civilian casualties had reached near-year highs. At least 174 civilians were killed in Ukraine in May, the deadliest month since June 2023 as Russian forces pushed into the northeastern Kharkiv region,…
U.S. President Joe Biden on Saturday pledged Washington’s support for Kyiv in its battle against the Russian invasion, warning that Vladimir Putin would “not stop” at Ukraine. “Putin is not going to stop at Ukraine,” Biden said alongside French President Emmanuel Macron after talks in Paris. “All of Europe will be threatened, we are not…
Ukraine targeted the south Russian region of North Ossetia with drones for the first time ever on Saturday, causing minor damage, local authorities said. The drones were aimed at a military airfield near the town of Mozdok, more than 700 kilometers (430 miles) from the frontline, according to North Ossetia governor Sergei Menyailo. “The attack…
Igor Sechin, Chief Executive Officer of Rosneft, assessed the potential price of oil in the medium term during the Energy Panel at the 27th St. Petersburg International Economic Forum
Leading experts and representatives of major energy businesses presented their views on the current state of the energy market at the Energy Panel as part of the 27th St. Petersburg International Economic Forum
Heavy tax burden and prohibitive interest rates have an impact on the oil industry of the Russian Federation, said Rosneft Chief Executive Officer Igor Sechin speaking on an Energy Panel at the 27th St. Petersburg International Economic Forum
A new energy supply strategy shall be developed with account for the needs of developing countries, stated Rosneft Chief Executive Officer Igor Sechin speaking on an Energy Panel at the 27th St. Petersburg International Economic Forum
Trading in national currencies and development of alternative payment systems are prerequisites for the continuation of Russian oil exports, said Rosneft Chief Executive Officer Igor Sechin speaking on an Energy Panel at the 27th St. Petersburg International Economic Forum
Russia is retaining its role as one of the leaders in the global energy sector and continues to strengthen its position in the global energy market, said Rosneft Chief Executive Officer Igor Sechin speaking on an Energy Panel at the 27th St. Petersburg International Economic Forum
The global demand for oil will continue to grow despite expectations of its peak, as Igor Sechin, Chief Executive Officer of Rosneft, said at the Energy Panel at the 27th St. Petersburg International Economic Forum
Aggressive promotion of the “green agenda” actually means declaring an energy war on the majority of the world’s population; overcoming energy inequality is impossible without reliable supplies of oil and gas, stated Rosneft Chief Executive Officer Igor Sechin at the 27th St. Petersburg International Economic Forum
The United States and Canada are at risk of power shortages as renewable energy has displaced a large volume of reliable generation facilities from the North American market, Rosneft CEO Igor Sechin said at the 27th St. Petersburg International Economic Forum
The complete electrification of transportation in a number of the world’s megacities may exceed more than 0.5 trillion dollars, said Igor Sechin, Chief Executive Officer of Rosneft, on the sidelines of the 27th St. Petersburg International Economic Forum
The sinking demand for electric vehicles demonstrates the lack of planning and haste with which Western countries initially approached electrification of vehicles, Rosneft CEO Igor Sechin said in his report at the Energy Panel held as part of the 27th St. Petersburg International Economic Forum
Developed countries have contributed most to the climate crisis, accounting for the majority of emissions, said Igor Sechin, Chief Executive Officer of Rosneft, in his report “Energy transition and phantom barrels: abandon hope, all ye who enter here. Not everyone will be taken to the bright future of the global energy industry!”
Governments, businesses and investors in Western countries are beginning to revise their approach to the “green” agenda, which is costing too much, told Igor Sechin, Chief Executive Officer of Rosneft, at the 27th St. Petersburg International Economic Forum
The U.S. efforts to maintain its technological superiority come at a high cost to its allies, stated Igor Sechin, Chief Executive Officer of Rosneft, in his report “Energy transition and phantom barrels: abandon hope, all ye who enter here. Not everyone will be taken to the bright future of the global energy industry!”
One of the key reasons for the beginning of the gradual de-dollarization of the architecture of world finance was the use of the dollar as an instrument of unfair competition, said Igor Sechin, Chief Executive Officer of Rosneft, in his report at the Energy Panel of the 27th St. Petersburg International Economic Forum
The stockpiling of reserves by both Western and Middle Eastern companies, as well as the build-up of production capacity, may be an expectation of major market changes, Rosneft Chief Executive Officer Igor Sechin said in his report at the Energy Panel at the 27th St. Petersburg International Economic Forum
Green transition is a form of neo-colonialism against developing countries, said Rosneft’s Chief Executive Officer, while delivering a keynote speech at the Energy Panel at the 27th St. Petersburg International Economic Forum
For the first time in decades, Europe is facing a new reality – Europeans have become poorer, stated Igor Sechin, Chief Executive Officer of Rosneft, while delivering a keynote speech at the Energy Panel of the 27th St. Petersburg International Economic Forum
The idea of energy transition is to strengthen the unipolar structure of the world order, stated Igor Sechin, the Chief Executive Officer of Rosneft, while delivering a keynote speech at the Energy Panel of the 27th St. Petersburg International Economic Forum
Updates throughout. Ukrainian strikes on parts of the Russian-held Luhansk and Kherson regions killed 26 people and injured dozens more on Friday, occupation authorities said. Both Ukrainian regions were among four Russia claimed to have annexed in September 2022 despite not fully controlling any of them following the full-scale military campaign launched that February. A…
Updates throughout. A Moscow court on Friday ordered a French citizen accused of gathering Russian military information to be held in pre-trial detention, in the latest case of a Western citizen being detained in Russia. Laurent Vinatier, a 47-year-old who works for a Swiss conflict mediation NGO, was arrested on Thursday and officially charged with…
On June 8 Chief Executive Officer of Rosneft Igor Sechin will deliver a speech at the Energy Panel of the 27th St. Petersburg International Economic Forum titled “Energy transition and phantom barrels: Abandon hope, all ye who enter here. Not everyone will be taken to the bright future of the global energy industry!”
As the climate crisis intensifies, Russia is pinning its hopes on its vast forests to make up for its carbon emissions — the world’s fourth-highest — and even help the country become a global leader in carbon absorption. But the country’s substandard conservation and ineffective forestry practices, combined with the impacts of climate change itself,…
Russia’s Supreme Court has banned the vaguely defined “Anti-Russian Separatist Movement” as an “extremist” organization, the independent news website Mediazona reported Friday. Rights groups say they have not been able to find a formal organization called the “Anti-Russian Separatist Movement,” leading to speculation that the authorities could use the designation as a pretext for wider…