The Russian government has indefinitely banned 48 Australian citizens from entering Russia on the grounds of “creating anti-Russian agenda” in Australia, including individuals involved in the military-industrial industry and journalists. Paul Monk, a former intelligence analyst, author, and current contributor for The Australian newspaper, has expressed feeling honoured to be among those sanctioned. The prominent…

Commentary The Defense Department’s current contract with Airbus, and any future contracts with Airbus, place U.S. taxpayers in the position of subsidizing Vladimir Putin’s war machine, as long as it pays for Russian titanium. The French aircraft manufacturer heavily relies on shipments of the Russian metal for its manufacturing. Airbus currently has a contract with…

U.S. Treasury Secretary Janet Yellen announced that some sanctions on Russia would likely remain in place even if the war in Ukraine ends. Yellen, who is attending the annual G-20 summit in Bali, Indonesia, said that any eventual peace agreement would generally involve a review of the sanctions that the United States and its allies have imposed…

Energy bills are nearly 90 percent higher for households across Europe compared to a year ago, according to a new report. The massive increase in energy prices throughout Europe has been caused by Russia’s war against Ukraine. The energy crisis caused by the Russia–Ukraine war and the resulting sanctions on Mosco have generated a cost-of…

Australia has rejected Ukraine’s call to stop Russian tourists from entering the country. Defence Minister Richard Marles said Australia’s sanctions were focused on the Russian government, “not the Russian people themselves.” “This is not something we are considering at the moment but we are very much a part of the global base of sanctions against…

German energy prices, the European benchmark, hit €1,000 per megawatt-hour (MWh) for the first time on Aug. 29, after reaching €850 on Aug. 26, as the region’s energy crisis intensifies owing to a lack of Russian natural gas supplies as result of the sanctions against Russia. Energy costs in Europe have soared 1,000 percent from…

Natural gas prices in Europe stabilized on Thursday after a volatile week in which Russia cut gas flows via the Nord Stream 1 pipeline by 80 percent, causing an energy crisis for the bloc ahead of the cold winter season. Dutch wholesale gas futures, the European benchmark, settled at 198.93 euros per megawatt-hour in Amsterdam on…

War sanctions against Russia, along with misguided U.S. central bank and trade policies, are likely to fuel an economic storm that will catapult America into a major crisis, an expert has warned. Michael Wilkerson—author, investor, and financial analyst—told The Epoch Times in a wide-ranging interview that the economic sanctions against Moscow combined with years of…

Russia, facing sanctions from the West for its invasion of Ukraine, will now export grains to other nations only in exchange for rubles. In addition to grains, the Russian government has added sunflower oil and extracted meal to the list of export items to be paid in rubles. A resolution to this effect was adopted…

The Austrian government has decided to use coal power to produce electricity in case curtailed Russian gas supply creates an energy emergency in the nation. “The federal government and the energy group VERBUND have agreed to convert the Mellach (Styria) district heating power plant, which is currently shut down, so that in an emergency it…