Moscow: European nations, alongside the United States, are making big announcements to stop buying fuel from Russia, which has attacked Ukraine. The United States and European nations also tried to pressure India and China, buying fuel from Russia. European nations are claiming that buying fuel from Russia is equivalent to providing money to Russia for […]
Read More »
Paris/Moscow: France has alleged that Russia is using the fuel supply to Europe as a weapon of war. France accused Russia after Russian company Gazprom cut fuel supplies to European countries on Tuesday. While France has charged with the ‘Energy War’, Hungary has warned that Western Europe’s energy system may collapse soon. The Foreign Minister […]
Read More »
Brussels: Due to the Russia-Ukraine conflict, the energy crisis in Europe is intensifying. This has put pressure on the Euro. On Tuesday, the Euro fell to a two-decade low against the US dollar. US financial institution Citibank has predicted the Euro would slide further in the coming times. Analysts claimed that the further fall in […]
Read More »
Berlin: Germany’s internal state security minister Herbert Reul made a statement to warn that the current energy crisis and soaring inflation could be used to propagate conspiracy theories and carry out subversive activities. He is the internal security minister of North Rhine-Westphalia state, Germany’s largest economy and most populous state. A few days back, the […]
Read More »
Colombo: Sri Lankan Energy Minister Kanchana Wijesekera said that they had appealed other nations to assist with fuels. But to date, only India has come forward to make loans available to Sri Lanka for fuel purchases. India has assured all the possible assistance to Sri Lanka, grappling with the crisis, to bring the country to […]
Read More »
Paris: French President Emmanuel Macron has warned that the people of France should start saving electricity now. Otherwise, they will face a big crisis in winter. Macron also alleged that Russia is using fuel exports as a weapon of war and may cut off fuel supplies completely. Besides, the French President assured that the French […]
Read More »
Islamabad: Pakistan has been plagued by concerns that the country’s condition will be similar to that of Sri Lanka in the coming months. When the debt burden on Pakistan has increased tremendously, new loans must be taken at high-interest rates to run the country. Most new loans have to be used to repay the loans […]
Read More »
Moscow/Berlin: Russia announced the closure of the ‘Nord Stream 1’ fuel pipeline supplying natural gas to European countries. Russia informed that the pipeline would remain closed for repairs and maintenance for 10 days from Monday. Last month itself, Russia reduced the gas supplied to Europe through this pipeline by 60%. At the same time, it […]
Read More »
Moscow: A significant fuel crisis is developing in the European countries given the Russia-Ukraine war. Fuel rates have skyrocketed and warnings are being issued that a country like Germany may face fuel shortages in the next few months. In this scenario, Russia has found a huge fuel reserve in the Arctic region. The Russian company […]
Read More »
Paris: A crisis bigger than the 1970 ‘Oil Crisis’ has been created, riding on the sanctions imposed against Russia. International Energy Agency (IEA) Chief Fatih Birol warned that the United States and European countries might have to resort to fuel rationing in the coming times. There was a shortage of only crude oil in 1970. […]
Read More »
