BRUSSELS—Russia may cut off gas to Europe entirely as it seeks to bolster its political leverage amid the Ukraine crisis, the head of the International Energy Agency (IEA) said on Wednesday, adding Europe needed to prepare now. “I wouldn’t rule out Russia continuing to find different issues here and there and continuing to find excuses…
Russia May Cut Off Gas Completely, Europe Must Act Now: IEA
June 22, 2022
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Intel Seeks $624 Million in Interest From EU After Antitrust Fine Win
BRUSSELS—U.S. chipmaker Intel has filed a claim for 593 million euros ($624 million) in interest from the European Commission, five months after it convinced Europe’s second-top court to scrap a 1.06-billion-euro EU antitrust fine, an EU filing showed on Monday. Europe’s top court paved the way for such damage demands last year in a landmark…
EU Backs Ukraine’s Membership Bid as War Brings Huge Shift
BRUSSELS/KYIV, Ukraine—The European Union gave its blessing on Friday to Ukraine to become an official candidate to join the bloc, along with its neighbor Moldova, a historic eastward shift in Europe’s outlook brought about by Russia’s invasion. Ukraine applied to join the EU just four days after Russian troops poured across its border in February….
China’s War on the World
“The warfare is daily,” Gen. Robert Spalding says of China’s policies. “It never ends.” In two recent episodes of “American Thought Leaders,” host Jan Jekielek and retired Air Force Brig. Gen. Robert Spalding discuss the Chinese regime’s strategy of unrestricted warfare, in which any and all tools are allowed—from flooding our streets with fentanyl to…
Russia’s Lavrov Calls Decision to Block Plane ‘Unprecedented’
Russian Foreign Minister Sergei Lavrov on Monday described as “unprecedented” a move by three eastern European countries to block his plane from traveling to Serbia, adding that he had yet to receive an explanation for their decision. He said that he would instead invite his Serbian counterpart to visit him in Moscow, adding: “The main…
EU Formally Approves Embargo on Russia Oil
June 3, 2022
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Business & Economycommoditiescrisiseconomic policieseconomyembargoEUEuropeMarketsOilRussiaRussia-Ukraine WarUkraineWorld
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BRUSSELS—The European Union on Friday formally approved an embargo on Russian oil and other sanctions targeting major banks and broadcasters over Moscow’s war on Ukraine. EU headquarters says Russian crude oil will be phased out over six months, and other refined petroleum products over eight months. It says that “a temporary exception is foreseen” for…
Gas Prices Hit Record High After EU’s Partial Ban on Russian Oil Imports
Gasoline prices hit a new record on May 31 after the European Union agreed to a partial ban on Russian oil imports by the end of 2022 as part of the sixth package of sanctions against Russia over its invasion of Ukraine. In the United States, prices at the pump rose to a national average of $4.622 per…
EU Exploring Ways to Use Russian Oligarchs’ Frozen Assets to Rebuild Ukraine
BERLIN—The European Union is looking into ways of using the frozen assets of Russian oligarchs to fund the reconstruction of Ukraine after the war, European Commission President Ursula von der Leyen said on Thursday. The commission proposed on Wednesday a 9 billion euro loan to Ukraine to keep the country going as it struggles to…
Putin Calls EU Sanctions on Russian Oil ‘Economic Suicide’
Russian President Vladimir Putin has spoken out against the European Union’s proposed sanctions on the purchase of Russian oil exports, claiming that adopting such a policy would amount to “economic suicide” for the countries of Western Europe. In a televised address on Tuesday, Putin responded to the EU’s proposed oil embargo on Russia, which has…
Western Sanctions Block $16-18 Billion Worth of Belarusian Exports to EU, US: PM
Sanctions that have been imposed on Belarus have blocked $16-$18 billion worth of its annual exports to the West, the Belta news agency cited Belarusian Prime Minister Roman Golovchenko as saying late on Sunday. Belarus and Russia were hit by sanctions after Moscow sent tens of thousands of troops into Ukraine on Feb. 24 from…
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